Is it LIFO?

Saved -. Required information (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase Number of Units 28 33 38 38 Unit Cost $ 30 29 28 26 Total Cost $ 840 957 1,064 988 $3,849 137 For the entire year, the company sells 101 units of inventory for $38 each. 4. Which method will result in higher profitability when inventory costs are declining? 4. Which method will result in higher profitability when inventory costs are declining? Multiple Choice LIFO 0 Weighted-average FIFO