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During the year, TRC Corporation has the following inventory transactions.

Date		Transaction	Number of Units			Unit Cost			Total Cost
Jan.	1	Beginning inventory		57		$	49			$	2,793
Apr.	7	Purchase		137			51				6,987
Jul.	16	Purchase		207			54				11,178
Oct.	6	Purchase		117			55				6,435
				518						$	27,393

For the entire year, the company sells 443 units of inventory for $67 each.

4. Determine which method will result in higher profitability when inventory costs are rising.

Multiple Choice

• FIFO

• LIFO

• Weighted-average