Required information (The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 48 128 198 108 Unit Cost $ 40 42 45 46 Total Cost $ 1,920 5,376 8,910 4,968 482 $ 21,174 For the entire year, the company sells 427 units of inventory for $58 each. 4. Determine which method will result in higher profitability when inventory costs are rising. Multiple Choice LIFO Weighted-average FIFO