Question: help please i do not know how to solve the required Lynch Company manufactures and sells a single product. The following costs were incurred during

help please

i do not know how to solve the required

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: During the year, the company produced 28,000 units and sold 24,000 units. The selling price of the company's product is $41 per Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Compute the unit product cost. Assume that the company uses absorption costing

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