Hazelton Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2018 with $77,200 in inventory of its only product. The beginning inventory consisted of the following layers 5,600 units at $5 per unit 8,200 units at $6 per unit Total $28,000 49,200 $77,200 During 2018, 7,600 units were purchased at $7 per unit and during 2019, 10,200 units were purchased at $8 per unit. Sales, in units were 10,200 and 18,400 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 Required 1 Required 2 Calculate cost of goods sold for 2018 and 2019 Cost of goods sold 2018 2019 Required 1 Required 2 Disregarding income tax, determine the LIFO liquidation profit or loss, if any, for 2018 and 2019 LIFO liquidation before-tax 2018 2019