Problem 6-8A Income statement comparisons and cost flow assumptionsperpetual LO2, 3

During 2020, Fresh Express Company sold 2,310 units of its product on September 20 and 2,250 units on December 22, all at a price of $75 per unit. Incurring operating expenses of $14 per unit sold, it began the year with and made successive purchases of the product as follows:

January 1 beginning inventory	450	units	@	$	20	per unit
Purchases:
February 20	1,350	units	@	$	22	per unit
May 16	550	units	@	$	26	per unit
December 11	3,150	units	@	$	27	per unit
Total	5,500	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.)