During its frist year of operations, OBnten produced 95,000 units and soly 72000 units Durthg ifs second year of operattons, th produced 82,000 units and sold 100,000 units. In ths thed year, OEiten prooluced 80000 unts and sold 75,000 units. The selting price of the company's product is $75 per unit? Evoulined assumes that the oldest units in thventory are sold firstet. a. Compute the unit procuct cost for Year 1, Year 2 , and Year 3. b. Prepare an incocte statement for Year 1, Year 2 and Year 3 Compute the unt product cost for Year 1, Yoar 2 , and Yax 3 . During its first year of operations, OErien produced 95,000 units and sold 72000 units. During lts second year of operations, it produced 82,000 units and sold 100,000 units. In its third year, Oterien produced 80,000 units and sold 75,000 units. The selling price of the company's product is 575 per unit. 1. Assume the company uses vartable costhg and a FiFO inventory flow assumption (FFO means first-in first-out in other words, it assumes that the oldest units in inventory are sold firste: 2. 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 . Conqulete this pesstion by entering your answers in the tabs below. Prepare an income statentent for Year 1, Year 2 , and Year 3 . During its frist year of operations, OBnten produced 95,000 units and soly 72000 units Durthg ifs second year of operattons, th produced 82,000 units and sold 100,000 units. In ths thed year, OEiten prooluced 80000 unts and sold 75,000 units. The selting price of the company's product is $75 per unit? Evoulined assumes that the oldest units in thventory are sold firstet. a. Compute the unit procuct cost for Year 1, Year 2 , and Year 3. b. Prepare an incocte statement for Year 1, Year 2 and Year 3 Compute the unt product cost for Year 1, Yoar 2 , and Yax 3 . During its first year of operations, OErien produced 95,000 units and sold 72000 units. During lts second year of operations, it produced 82,000 units and sold 100,000 units. In its third year, Oterien produced 80,000 units and sold 75,000 units. The selling price of the company's product is 575 per unit. 1. Assume the company uses vartable costhg and a FiFO inventory flow assumption (FFO means first-in first-out in other words, it assumes that the oldest units in inventory are sold firste: 2. 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 . Conqulete this pesstion by entering your answers in the tabs below. Prepare an income statentent for Year 1, Year 2 , and Year 3