Check my wo O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead $ 28 $ 17 Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Pixed selling and administrative expenses $550,000 130,000 During its first year of operations, O'Brien produced 94,000 units and sold 79,000 units. During its second year of operations, it produced 84,000 units and sold 94,000 units. In its third year, O'Brien produced 88,000 units and sold 83,000 units. The selling price of the company's product is $74 per unit. Case 6-29 Part-1 Required costing and a FIFO inventory flow assumption (FIFO means first-in first-out. In other words, it assumes that the oldest units in inventory are sold first): a. Compute the unit product cost for Year 1, Year 2, and Year 3. b. Prepare an income statement for Year 1. Year 2. and Year 3.