Required information [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number of Units 14 Unit Cost $ 16 Date Jan. 1 Mar. 4 Jun. 9 Nov. 11 Transaction Beginning inventory Purchase Purchase Purchase Total Cost $ 224 285 336 288 24 $ 1,133 For the entire year, the company sells 62 units of inventory for $24 each. 4. Which method will result in higher profitability when inventory costs are declining? For the entire year, the company sells 62 units of inventory for $24 each. 4. Which method will result in higher profitability when inventory costs are declining? Multiple Choice LIFO o oo Weighted average