Please help! I thank you kindly in advance. I always like correct help! complete parts...
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Please help! I thank you kindly in advance. I always like correct help! complete parts 1a and 1b please
Required information [The following information applies to the questions displayed below] O'Brien Company manufactures and selis one product. The following information pertains to each of the company's first three years of operations: Duing its first year of operations, OBrien produced 91,000 units and sold 73.000 units. Duing its second year of operations, it produced 75,000 units and sold 88,000 units. In its third year, O'Brien produced 84,000 units and sold 79,000 units. The seling price of the company's product is $70 per unit. Required: 1. Assume the company uses variable costing and a FFO inventory flow assumption (FIFO means first-in first-out. in other words, it assumes thot the oldest 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 1, Year 2, and Year 3. Complete this question by entering your answers in the tabs below. Compute the unit product cost for Year 1, Year 2, and Year 3. Prepare an income statement for Year 1, Year 2 , and Year 3
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