Requlred Informatlon

P$7\mathrm{.}3($Algo$)$ Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO$7-2,7\mathrm{.}3$

$[$The following information applies to the questions displayed below.$]$

At the end of January of the current year, the records of Donner Company showed the following for a particular item that

sold at $$18\mathrm{.}40$ per unit:

$7-3$ Part $2$

a$.$ Between FIFO or LIFO, which method would result in the higher pretax income?

b$.$ Between FIFO or LIFO, which would result in the higher EPS?

Complete this question by entering your answers in the tabs below.

Between FIFO or LIFO, which method would result in the higher pretax income?