[The following information applies to the questions displayed below.] OBrien Company manufactures and sells one product. The following information pertains to each of the companys first three years of operations: Variable costs per unit: Manufacturing: Direct materials $25 Direct labor $15 Variable manufacturing overhead $4 Variable selling and administrative $2 Fixed costs per year: Fixed manufacturing overhead $590,000 Fixed selling and administrative expenses $120,000 During its first year of operations, OBrien produced 95,000 units and sold 74,000 units. During its second year of operations, it produced 85,000 units and sold 101,000 units. In its third year, OBrien produced 82,000 units and sold 77,000 units. The selling price of the companys product is $78 per unit. 1.value: 1.00 pointsRequired information Required: 1. Assume the company uses variable 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. ReferenceseBook & Resources Financial StatementsLearning Objective: 05-01 Explain how variable costing differs from absorption costing and compute unit product costs under each method. Difficulty: 3 HardLearning Objective: 05-02 Prepare income statements using both variable and absorption costing. Ask your instructor a questionCheck my work 2.value: 1.00 pointsRequired information 2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO means last-in 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. Prepare an income statement for Year 1, Year 2, and Year 3. ReferenceseBook & Resources Financial StatementsLearning Objective: 05-01 Explain how variable costing differs from absorption costing and compute unit product costs under each method. Difficulty: 3 HardLearning Objective: 05-02 Prepare income statements using both variable and absorption costing. Ask your instructor a questionCheck my work 3.value: 1.00 pointsRequired information 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. (Round your intermediate calculations and final answers to 2 decimal places.) b. Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.) ReferenceseBook & Resources Financial StatementsLearning Objective: 05-01 Explain how variable costing differs from absorption costing and compute unit product costs under each method. Difficulty: 3 HardLearning Objective: 05-02 Prepare income statements using both variable and absorption costing. Ask your instructor a questionCheck my work 4.value: 1.00 pointsRequired information 4. Assume the company uses absorption costing and a LIFO inventory flow assumption (LIFO means last-in 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. (Round your intermediate calculations and final answers to 2 decimal places.) b. Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.) ReferenceseBook & Resources Financial StatementsLearning Objective: 05-01 Explain how variable costing differs from absorption costing and compute unit product costs under each method. Difficulty: 3 HardLearning Objective: 05-02 Prepare income statements using both variable and absorption costing. Ask your instructor a questionCheck my work ****Question three COGS and question 4 COGS are wrong. Please help!! I need the amounts and how you got the amounts of the COGS for question three and four!!!