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thank u The Churchill Corporation uses a periodic Inventory system and the LIFO inventory cost method for its one product. Beginning Inventory of 23.200 units
thank u The Churchill Corporation uses a periodic Inventory system and the LIFO inventory cost method for its one product. Beginning Inventory of 23.200 units consisted of the foilowing listed in chronological order of acquisition 13,600 units at a cost of $9.00 per unit - $122.400 9.600 units at a cost of $10.00 per unit - 96,000 During 2021, Inventory quantity declined by 13,200 units. All units purchased during 2021 cost $13.00 per unit, 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 LIFO liquidation profit S 27 600
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