During 2020, Fresh Express Company sold 2.460 units of its product on September 20 and 2.800 units on December 22, all at a price of $86 per unit. Incurring operating expenses of $18 per unit sold, it began the year with and made successive purchases of the product as follows: 560 units $ 31 per unit January 1 beginning inventory Purchases: February 20 May 16 December 11 Total 1,460 units e$ 33 per wit 660 units $ 37 per unit 3,260 units e$38 per unit 5,940 units 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 onswers to 2 decimal places.) FRESH EXPRESS COMPANY Income Statement Comparing FIFO and Moving Weighted Average Inventory Conting Methods For Year Ended December 31, 2020 FIFO Weighted Average Synergy Company began 2020 with 24.000 units of Product X in its inventory that cost $8.50 per unit, and it made successive purchases of the product as follows: Mar. May Aug. Nov. 731,000 units @ $9.99 each 25 36,000 units $12.00 each 1 26.500 units @ $13.00 each 10 36,800 units @ $14.50 each The company uses a periodic inventory system on December 31, 2020, a physical count disclosed that 20,000 units of Product X remained in inventory Required: 1. Calculate the number and total cost of the units available for sale during 2020. Number of units Total cost of the units 2. Prepare calculations showing the amounts that should be assigned to the 2020 ending inventory and to cost of goods sold, assuming O. FIFO Total cost of the units for sale Cost of units sold