During 2017, Fresh Express Company sold 2,410 units of its product on September 20 and 2,550 units on December 22, all at a price of $81 per unit. Incurring operating expenses of $11 per unit sold, it began the year with and made successive purchases of the product as follows:

f $81 per unit. Incurring operating expenses of $11 per unit sold, it began the During 2017, Fresh Express Company sold 2,410 units of its product on September 20 and 2,550 units on December 22, all at a price year with and made successive purchases of the product as follows: January 1 beginning inventory Purchases: February 20 510 units@S 26 per unit 1 per uni @S 28 December 11 3,210 units@S 33 per unit Total 5,740 units 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. Round your intermediate calculations and 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, 2017 Movin ighted Average Cost FIFO Sales Cost of goods sold w Gross profit Operating expenses Profit