ring Enabled: Midterm Exam $2$: Section A $($i$)$

During $2023,$ Fresh Express Company sold $2\mathrm{.}250$ units of its product on September $20$ and $2\mathrm{.}100$ units on December $22$ all at a price of $$72$ per unit. Incurring operating expenses of $$11$ per unit sold, it began the year with and made successive purchases of the product as follows:

$\backslash$table$[[\backslash$table$[[$January $1$ beginning inventory$],[$Purchases:$]],420$ units,e$ $17,$per unit$],[$February $20,1,32$ units,e$ $$19,$per unit$],[$May $16,52$ units,o $$23,$per unit$],[$December $11,3,120$ units,e $$24,$per unit$],[$Total$,5,380$ units,,$]]$

equired:

epare a comparative income statement for the company, showing in adjacent columns the profits earned from the sale of the oduct, assuming the company uses a perpetual inventory system and prices its ending inventory on the basis of $($a$)$ FIFO and $($b$)$ ving weighted average: $($Round "Cost per unit" to $2$ decimal places. Do not round intermediate calculations. Round your final wers to $2$ decimal places.$)$

FRESH EXPRESS COMPANY

Income Statement Comparing FIFO and

loving Weighted Average Inventory Costing Methods

For Year Ended December $31,2023$