During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total cost Jan. 1 Beginning inventory 41 $33 $ 1,353 Apr. 7 Purchase 121 35 4,235 Jul. 16 Purchase 191 38 7,258 Oct. 6 Purchase 101 39 3,939 Total 454 16,785 For the entire year, the company sells 410 units of inventory for $51 each. Required: Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Weighted-Average Cost per unit" to 4 decimal places) Determine which method will result in higher profitability when inventory costs are rising.