Required Information Exercise 6-4B Calculate Inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below) During the year, a company has the following Inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit cost total cost 40 $ 32 $ 1,280 120 34 4,080 190 37 7,03e 100 38 3,800 450 $16,190 For the entire year, the company sells 400 units of Inventory for $50 each. Exercise 6-4B Part 4 4. Determine which method will result in higher profitability when Inventory costs are rising Multiple Choice O LIFO Weighted-average FIFO