Problem 6-8A Income statement comparisons and cost flow assumptions-perpetual LO2, 3 During 2020, Fresh Express Company sold 2,380 units of its product on September 20 and 2,400 units on December 22, all at a price of $78 per unit. Incurring operating expenses of $17 per unit sold, it began the year with and made successive purchases of the product as follows: 480 units @$ 23 per unit January 1 beginning inventory Purchases: February 20 May 16 December 11 Total 1,380 units @ $ 25 580 units @$ 29 3,180 units @$ 30 5,620 units per unit per unit per unit 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.) FRESH EXPRESS COMPANY Income Statement Comparing FIFO and Moving Weighted Average Inventory Costing Methods For Year Ended December 31, 2020 Moving Weighted FIFO Average Cost Sales Cost of goods sold Gross profit Operating expenses Profit