Hazelton Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2018 with $107,100 in inventory of its only product. The beginning inventory consisted of the following layers:

5,700 units at $7 per unit	$	39,900
8,400 units at $8 per unit		67,200
Total	$	107,100

During 2018, 7,700 units were purchased at $9 per unit and during 2019, 10,400 units were purchased at $10 per unit. Sales, in units, were 10,400 and 18,800 during 2018 and 2019, respectively.

Required:

1. Calculate cost of goods sold for 2018 and 2019.

2. Disregarding income tax, determine the LIFO liquidation profit or loss, if any, for 2018 and 2019.