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Required informetion [The following information applies to the questions displayed below] O'Brien Company manufactures and sells one product. The following information pertains to each of

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Required informetion [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: During its first yeat of operations, O Brien produced 98,000 units and sold 74,000 units. During its second year of operations, ft produced 82.000 units and sold 101,000 units in its third year, O'Brien produced 83,000 units and sold 78,000 units. The selling price of the company's product is 572 per unit. 2 Assume the company uses variable costing and a LifO inventory flow assumption (LLFO means lastin 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. Prepate an income statement for Year is Year 2, and Year 3

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