Check my work 6 The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of 22,000 units consisted of the following, listed in chronological order of acquisition 0 olnts 13,000 units at a cost of $8.00 per unit-$104,000 9,000 units at a cost of $9.00 per unit 81,000 Skipped During 2018, inventory quantity declined by 12,000 units. All units purchased during 2018 cost $12.00 per unit. e k Required: Calculate the before-tax LIFO liquidation profit or loss that the company would report in a disclosure note assuming the amount determined is material. Print References