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During 2 0 2 0 , Fresh Express Company sold 2 , 4 9 0 units of its product on September 2 0 and 2

During 2020, Fresh Express Company sold 2,490 units of its product on September 20 and 2,950 units on December 22, all at a price
of $89 per unit. Incurring operating expenses of $15 per unit sold, it began the year with and made successive purchases of the
product as follows:
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 periodic inventory costing system and prices its ending inventory on the basis of (a) FIFO and
(b) Moving weighted average: (Round "average cost per unit" to 2 decimal places. Do not round intermediate calculations. Round
your final answers to 2 decimal places.)
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