During 2020, Fresh Express Company sold 2,510 units of its product on September 20 and 3,050 units on December 22, all at a price of $91 per unit incurring operating expenses of $10 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory Purchases: February 20 May 16 December 11 Total 610 units of 36 per unit 1,510 units 05 38 per unit 710 units 0542 per unit 3,310 units 0543 per unit 6,140 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 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.) 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.) Answer is complete but not entirely correct. FRESH EXPRESS COMPANY Income Statement Comparing FIFO and Moving Weighted Average Inventory Costing Mothods For Year Ended December 31, 2020 Moving FIFO Weighted Average Cost Sales $ 505,960.00 $ 505.960.00 Cost of goods sold (226,550.00) (226.776 38) Gross profit $ 279.410 00 S 279.183.62% Operating expenses (55,600.00) (55,600.00) Profit 223 810.00 $ 223,583.62 OOOO