Problem 6-8A Income statement comparisons and cost flow assumptions-perpetual 102 3 excel CHECK FIGURE: a. Profit, FIFO = $194,750 During 2023, Fresh Express Company sold 2,410 units of its product on September 20 and 2,550 units on December 22, all at a price of $81 per unit. Incurring operating expenses of $11 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory.. Purchases: 510 units @ $26 per unit February 20...... May 16... December 11.. Total...... 1,410 units @ $28 per unit 610 units @ $32 per unit 3,210 units @ $33 per unit 5,740 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 b. Moving weighted average cost. Round all unit costs to two decimal places. Analysis Component: If the manager of Fresh Express Company earns a bonus based on a percentage of gross profit, which method of inventory costing will they prefer?