15 9 During 2020, Fresh Express Company sold 2,390 units of its product on September 20 and 2,450 units on December 22, all at a price of $79 per unit. Incurring operating expenses of $16 per unit sold, it began the year with and made successive purchases of the product as follows: points eBook Ask Print References Purchases: February 20 May 16 January 1 beginning inventory 490 units @$ 24 per unit 1,390 units @ $26 590 units @ $30 3,190 units @ $ 31 5,660 units per unit per unit per unit December 11 Total Required: Prepare a comparative income statement for the company, showing in adjacent columns the profits earned from the sale of the product, assuming the company uses a perpetual inventory system and prices its ending inventory on the basis of (a) FIFO and (b) Moving weighted average: (Round "Cost per unit" to 2 decimal places. Do not Round intermediate calculations. Round your final answers to 2 decimal places.) FRESH EXPRESS COMPANY Income Statement Comparing FIFO and Moving Weighted Average Inventory Costing Methods For Year Ended December 31, 2020 FIFO Moving Weighted Average Cost Check my