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Required information (The following information apples to the questions displiayed below) O'Brien Company manufactures and sells one product. The following information pertains to each of

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Required information (The following information apples to the questions displiayed below) O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations? During its first yeor of operations, OBrien peoduced 96,000 units and sold 74,000 units. During its second year of cperations, it produced 80,000 units and sold 97,000 units. in its third yeat, Orerion produced 89,000 units and sold 84,000 units. The selling price of the company's product is $73 per unat. 3. Assume the company uses obsorption costing and a FFO inventory flow assumption (FFO means first-in first-out: in other words, it 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. Complete this question by entering your answers in the tabs below

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