Question: *Problem 6-9A Income statement comparisons and cost flow assumptions -periodic 4 LO8 CHECK FIGURE: Profit weighted average =$193,221 Use the data from Problem 6-8A and



*Problem 6-9A Income statement comparisons and cost flow assumptions -periodic 4 LO8 CHECK FIGURE: Profit weighted average =$193,221 Use the data from Problem 6-8A and do the question assuming Fresh Express Company uses a periodic inventory costing system. $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: 510 units @ \$26perunit 1,410 units @\$28 per unit 610 units @ \$32 per unit 3,210@$33 per unit units 5,740 units AA O eader-ui.prod.mheducation.com 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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
