the Foxworthy Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning nventory of 64,000 units consisted of the following, listed in chronological order of acquisition: 36,880 units at a cost of $7.00 per unit = 28,000 units at a cost of $8.00 per unit = $252,000 224,000 During 2021, inventory quantity declined by 31,200 units. All units purchased during 2021 cost $9.00 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