HW 6 G Saved 2 Required information Pert 2 of 4 [The following information apples to the questions displayed below O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations 2.5 points Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable sel1ing and adeinistrative Fixed costs per year Fixed manufacturing overhead Fixed selling and adninistrative expenses 25 15 eBook $ 2 $590,e00 $160,000 Print During its first year of operations, O'Brien produced 98,000 units and sold 74,000 units. During its second year of operations, it produced 79,000 units and sold 98,000 units. In its third year, O'Brien produced 86,000 units and sold 81,000 units. The selling price of the company's product is $71 per unit References 2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest 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