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 first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per years Fixed sanufacturing overhead Fixed selling and administrative expenses $ $ $ 29 15 5 4 $510,000 $180,000 During its first year of operations, O'Brien produced 97,000 units and sold 73,000 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 $78 per unit. 3. Assume the company uses absorption costing and a FIFO inventory flow assumption (FIFO 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. assumes that the oldest units in inventory are sold firs a. Compute the unit product cost for Year 1, Year 2, an b. Prepare an income statement for Year 1, Year 2, and Complete this question by entering your answers Req Req 3B Compute the unit product cost for Year 1, Year 2, and Y decimal places.) Unit Product Cost Year 1 Year 2 Year 3