Required information [The following information applies to the questions displayed below] O'Brien Company manufactures and sells one product. The following information pertains to each of the company's rst three years of operations: Variable costs per unit: Manufacturing: Direct materials $ 26 Direct labor $ 14 Variable manufacturing overhead $ 3 Variable selling and administrative $ 4 Fixed costs per year: Fixed manutacturing overhead $578,668 Fixed selling and administrative expenses $188,869 During its first year of operations, O'Brien produced 94,000 units and sold 74,000 units. During its second year of operations, it produced 85,000 units and sold 100,000 units. In its third year, O'Brien produced 87,000 units and sold 82,000 units. The selling price ofthe company's product is $77 per unit. 4. Assume the company uses absorption costing and a LIFO inventory flow assumption (LIFO means lastiin firstrout. In other words, it assumes that the newest units in inventory are sold rst): 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. Coleete this question bv enterina vour answers in the tabs below. Complete this question by entering your answers in the tabs below. Req 4A Req 4B Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and nal answers to 2 decimal places.) Req 4B > Complete this question by entering your answers in the tabs below. Req 4A Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.)