When the average cost method is applied in a periodic inventory system, an average cost per unit is calculated after each purchase rather than at the end of the period. an average cost per unit is not calculated in the same manner that is used for a perpetual inventory system. an average cost per unit is calculated at the end of the period rather than after each sale. O the sale of goods during the year will change the unit cost used for calculating ending inventory. During 2018, Longhorn Corp. had net income of $300,000 and paid dividends to its preferred shareholders in the amount of $20,000. On January 1, 2018, the start of the year, the company had 100,000 common shares issued. On April 1, the company issued another 50,000 common shares. What is the company's earnings per share for the year? $2 per share $2.67 per share $2.04 per share O $1.87 per share