Hazelton Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2021 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 2021, 7,300 units were purchased at $8 per unit and during 2022, 9,600 units were purchased at $9 per unit. Sales, in units, were 9,600 and 17,200 during 2021 and 2022, respectively.

Calculate cost of goods sold for 2021 and 2022.

Disregarding income tax, determine the LIFO liquidation profit or loss, if any, for 2021 and 2022.