Required information [The following information applies to the questions displayed below.] 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 59 139 209 119 526 Unit Cost $ 51 53 56 57 Total Cost $ 3, 009 7, 367 11,704 6, 783 $28,863 For the entire year, the company sells 445 units of inventory for $69 each. 4. Determine which method will result in higher profitability when inventory costs are rising. Multiple Choice 5:06 O Weighted average ed ok O FIFO nt ences LIFO