work Saved Help Save & Exit Submit Check my work During 2020, Fresh Express Company sold 2,440 units of its product on September 20 and 2,700 units on December 22, all at a price of $84 per unit. Incurring operating expenses of $17 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory 540 units $29 per unit Purchases: February 201 1,440 units 85 31 per unit May 161 December 11 Total 640 units 9535 3,240 units 8536 5,860 units 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 +