During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Number of Units 58 138 208 118 522 Unit Cost $ 50 52 55 56 Total Cost $ 2,900 7,176 11, 440 6,608 $28,124 For the entire year, the company sells 444 units of inventory for $68 each. 4. Determine which method will result in higher profitability when inventory costs are rising, Multiple Choice FIFO LIFO Weighted-average