Question: I need help finding COGS for 4B Required information [The following information applies to the questions displayed below.] O'Brien Company manufactures and sells one product.

I need help finding COGS for 4B

I need help finding COGS for 4B Required information [The following informationapplies to the questions displayed below.] O'Brien Company manufactures and sells one

Required information [The following information applies to the questions displayed below.] O'Brien 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, O'Brien produced 91,000 units and sold 80,000 units. During its second year of operations, it produced 84,000 units and sold 90,000 units. In its third year, O'Brien produced 82,000 units and sold 77,000 units. The selling price of the company's product is $75 per unit. Assume the company uses absorption costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other Iords, 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. . Prebare an income statement for Year 1. Year 2. and Year 3. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1, Year 2, and Year 3. Note: Round your intermediate calculations to 2 decimal places

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