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 $12 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory 590 units @ $ 34 per unit Purchases: February 20 May 16 December 11 Total 1,490 units @ $ 36 per unit 690 units @$40 per unit 3,290 units @$ 41 per unit 6,060 units Required: Prepare a comparative income statement for the company, showing in adjacent Slumns 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 < Prev 8 of 10 Next >