Homework ZFnewconnect meducati Save 16 0.52 point Exercise 8-23 (Algo) LIFO liquidation (L08-4, 8-6] The Churchill Corporation uses a periodic Inventory system and the UFO inventory cost method for as one product Beginning inventory of 23.800 units consisted of the following listed in chronological order of acquisition 13,900 units at a cost of $8.00 per unit - $111.200 9.900 units at a cost of $9.00 per unit -99.100 During 2021, Inventory quantity declined by 13,800 units. All units purchased during 2021 cost $12,00 per un 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 eBook Print References