During 2020, Fresh Express Company sold 2.270 units of its product on September 20 and 2,200...

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During 2020, Fresh Express Company sold 2.270 units of its product on September 20 and 2,200 units on December 22, all at a price of $74 per unit. Incurring operating expenses of $13 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory 440 units 519 per unit Purchases: February 201 May 16 December 11 Total 1,340 units $ 21 540 units 85 25 3,140 units $26 5,460 units per unit per unit per unit 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 finel 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 < Prev 10 of 10 Next During 2020, Fresh Express Company sold 2.270 units of its product on September 20 and 2,200 units on December 22, all at a price of $74 per unit. Incurring operating expenses of $13 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory 440 units 519 per unit Purchases: February 201 May 16 December 11 Total 1,340 units $ 21 540 units 85 25 3,140 units $26 5,460 units per unit per unit per unit 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 finel 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 < Prev 10 of 10 Next