Required information (The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions. Mumber of Date Transaction Units Jan. 1 Beginning inventory 40 Unit Cost $ 32 Total Cost $1,280 Apr. 7 Purchase 120 34 4,000 Jul.16 Purchase 190 37 7,030 Oct. Purchase 100 450 38 3,800 $16,190 For the entire year, the company sells 400 units of inventory for $50 each. 4. Determine which method will result in higher profitability when inventory costs are rising. Check my work 450 $16,190 For the entire year, the company sells 400 units of inventory for $50 each. 4. Determine which method will result in higher profitability when inventory costs are rising Multiple Choice Weighted average FIFO LIFO