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Required information [The following information applies to the questions displayed below] OBdien 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, OBilen produced 91,000 units and soid 73,000 units. During is second year of operations, it produced 75,000 units and sold 88,000 units. In its third year, Otitien produced 84,000 units and sold 79.000 units. The selling price of the compary's product is $70 per unit. 4. Assume the company uses absorption costing and a LF O inventory flow assumption (LFF means last-in fist-out in other words, 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2. decimal places.) Complete this question by entering your answers in the tabs below. Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2. decimal places.) Required information [The following information applies to the questions displayed below] OBdien 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, OBilen produced 91,000 units and soid 73,000 units. During is second year of operations, it produced 75,000 units and sold 88,000 units. In its third year, Otitien produced 84,000 units and sold 79.000 units. The selling price of the compary's product is $70 per unit. 4. Assume the company uses absorption costing and a LF O inventory flow assumption (LFF means last-in fist-out in other words, 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermiediate caiculatioris to 2 decimal places,)

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