During 2020, Fresh Express Company sold 2,520 units of its product on September 20 and 3,100 units on December 22, all at a price of $92 per unit. Incurring operating expenses of $16 per unit sold, it began the year with and made successive purchases of the product as follows: 620 units @ $ 37 per unit January 1 beginning inventory Purchases: February 20 May 16 December 11 Total 1,520 units @ $ 39 per unit 720 units @ $ 43 per unit 3, 320 units @ $ 44 per unit 6,180 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 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 Weighted Average Sales Cost of goods sold Gross profit Operating expenses Profit