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inner Secret T Shirt Company produces and sells one product. The following information pertains to each of the company's first three years of operations: Variable

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inner Secret T Shirt Company produces and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: $27 $16 Direct materials Direct 1labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expenses $530,000 $130,800 During its first year of operations, O'Brien produced 94,000 u units and sold 76000 units. During its second year of operations, it produced 78,000 units and sold 91,000 units In its thrd year OBrien produced 85.000 units and sold 80,000 units. The selling price of the company's product is $78 per unit 3. Assume the company uses absorption costing and a FIFO inventory flow assumption (FIFO means first-in first 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 -out in other words, it Complete this question by entering your answers in the tabs below Req 3A Req 36 Compute the unilt product cost for Year 1, Year 2, and Year 3. (Round your intermediate calnt

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