Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [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 50 Number of Units Unit Cost Total Cost 56 $ 48 $ 2,688 136 6,800 206 10,918 6,264 514 $26,670 116 For the entire year, the company sells 442 units of inventory for $66 each. Exercise 6-4A Part 4 4. Determine which method will result in higher profitability when inventory costs are rising. 4. Determine which method will result in higher profitability when inventory costs are rising. Multiple Choice o Weighted average o LIFO o FIFO