Options for the first column of income statement question are:

Advertising, Beginning Merchandise Inventory, Commissions, Depreciation, Ending Merchandise Inventory, Fixed Manufacturing Overhead, Fixed Selling and Administrative, Indirect Labor, Indirect Materials, Purchases, Sales, Variable Cost of Goods Sold, and Variable Selling and Administrative.

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 Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ $ $ 26 17 3 2 $550,000 $200,000 During its first year of operations, O'Brien produced 95,000 units and sold 71,000 units. During its second year of operations, it produced 81,000 units and sold 100,000 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 $75 per unit. 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. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Compute the unit product cost for Year 1, Year 2, and Year 3. Unit Product Cost Year 1 Year 2 Year 3