Answer:
($24,000, $0) and ($200,000, $2.78)
Explanation:
EBIT=24000
EPS=(24000-400000*6%)*(1-21%)/50000=0
EBIT=200000
EPS=(200000-400000*6%)*(1-21%)/50000=2.7808
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Answer:
$183,000
Explanation:
The computation of the cost of goods sold using the FIFO method is shown below:
= Number of units purchased × per unit + additional units purchased × per unit
= 15,000 units × $10 + 3,000 units × $11
= $150,000 + $33,000
= $183,000
Since there are 18,000 units are sold
out of which 15,000 are at $10 and the remaining 3,000 units are at $11 and the same is to be considered