Please show all possible solution

Source: Problem 5-11, Managerial Accounting, Asia Global Edition, 2e by Garisson, Noreen, Brewer, Cheng, Yuen

Haas Company manufactures and sells one product. The following information pertains to each of companys first three years of operation:

Variable Cost per unit:

Manufacturing:

Direct Materials -------------------------------$ 20

Direct Labor ------------------------------------$12

Variable Manufacturing Overhead--------$4

Variable Selling and Administrative----------------$2

Fixed Cost per year:

Fixed Manufacturing Overhead = $960,000

Fixed Selling and Administrative Expenses= $ 240,000

During its first year of operation, Haas produced 60,000 units and sold 60,000 units. During its 2^nd year of operation, it produced 75,000 units and 50,000 units sold. In its 3^rd year, Haas produced 40,000 units and sold 65,000 units. The selling price of companys product is $ 58/unit.

Required:

Assumed the company uses absorption costing, compute the product cost and income statement for Year 1, Year 2, and Year 3.