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Required Informetion [The following information applies to the questions displayed beiow] OBrien 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 beiow] OBrien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: During its first year of operations, OBrien produced 95,000 units and sold 72,000 units. Durting its second year of operations, it produced 82,000 units and sold 100,000 units. In its thred yeas, OEiten produced 80,000 units and sold 75,000 units. The seliting price of the cornpany's product is 575 per unt. 4. Assume the company uses absorption costing and a UFO inventory flow assumpton fuFo means last-in first-out, in other words, it assumes that the newest units in inventory are sold frote: . 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

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