Required information [The following information applies to the questions displayed below.] Glasgow Corporation has the following inventory transactions during the year. Unit Date Transaction Number of Units Cost Total Cost Jan. 1 Beginning inventory 43 $ 35 $ 1,505 Apr. 7 Purchase 123 37 4,551 Jul.16 Oct. 6 Purchase 193 40 7,720 Purchase 103 41 4,223 462 $17,999 For the entire year, the company sells 412 units of inventory for $53 each. 4. Determine which method will result in higher profitability when inventory costs are rising. Multiple Choice FIFO Weighted-average LIFO Check my wo