Hazelton Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2016 with $85,000 in inventory of its only product. The beginning inventory consisted of the following layers:

5,300 units at $6 per unit		$	31,800
7,600 units at $7 per unit			53,200
Total		$	85,000

During 2016, 7,300 units were purchased at $8 per unit and during 2017, 9,600 units were purchased at $9 per unit. Sales, in units, were 9,600 and 17,200 during 2016 and 2017, respectively.

NEEDED...

1. CALCULATE COST OF GOODS SOLD FOR 2016 & 2017

2016...?

2017...?

2. LIFO--LIQUIDATION BEFORE TAX

2016...?

2017...?