Dequired Informetion [The following information applies to the questions dispityed beiow] O'Brien Company manufactures and sells one product. The following informatoon pertains to each of the company's first three years of operations: During its first year of operations, O Erien produced 95,000 units and soid 72000 units Duting second year of operations, it produced 82,000 units and sold 100,000 units. in its third yeaz, Oreten produced 80,000 units and sold 75,000 units. The selling price of the company's product is 575 per une. assumes that the oldest units in inventiory are sold first: a. Compute the unit product cost for Year 1, Year 2 , and Vear 3 b. Prepare an income statement for Year 1 Vear 2 and Vear 3. Required informetion [The following information applies to the questions disployed below] OBrien Company manufactures and sells one product. The following informason pertains to each of the company's first three years of operations: During 15 first year of operations, ORilen produced 95,000 units and sold 72,000 unta. During its second year of operations, it produced 82,000 unts and sold 100,000 units. In its thind yeac, OEiten produced 80,000 unts and sold 75,000 units. The seling price of the company's product its 575 per unit. 3. Assume the company uses absorption costing and a FFO irventory fow assumption FFFO means first-th first out hother words, in assumes that the oidest 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 2 Year 2 and Year 3. Dequired Informetion [The following information applies to the questions dispityed beiow] O'Brien Company manufactures and sells one product. The following informatoon pertains to each of the company's first three years of operations: During its first year of operations, O Erien produced 95,000 units and soid 72000 units Duting second year of operations, it produced 82,000 units and sold 100,000 units. in its third yeaz, Oreten produced 80,000 units and sold 75,000 units. The selling price of the company's product is 575 per une. assumes that the oldest units in inventiory are sold first: a. Compute the unit product cost for Year 1, Year 2 , and Vear 3 b. Prepare an income statement for Year 1 Vear 2 and Vear 3. Required informetion [The following information applies to the questions disployed below] OBrien Company manufactures and sells one product. The following informason pertains to each of the company's first three years of operations: During 15 first year of operations, ORilen produced 95,000 units and sold 72,000 unta. During its second year of operations, it produced 82,000 unts and sold 100,000 units. In its thind yeac, OEiten produced 80,000 unts and sold 75,000 units. The seling price of the company's product its 575 per unit. 3. Assume the company uses absorption costing and a FFO irventory fow assumption FFFO means first-th first out hother words, in assumes that the oidest 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 2 Year 2 and Year 3
