During 2020, Fresh Express Company sold 2.420 units of its product on September 20 and 2,600 units on December 22, all at a price of $82 per unit. Incurring operating expenses of $15 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory 520 units 8$ 27 per unit Purchases: February 20 May 16 Total 1,420 units #529 per unit December 11 620 units $33 3,220 units 85 34 5,780 units 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 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 Prev 1 of 10 Next