[The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4. Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 20 25 30 30 Unit Cost $ 22 21 20 18 Total Cost 440 525 600 540 105 $2,105 For the entire year, the company sells 81 units of inventory for $30 each. 1. Which method will result in higher profitability when inventory costs are declining? Multiple Choice FIFO LIFO Weighted average