A company has the following transactions in the month of June regarding product Lima.

Date: AUG 02; Purchases 200 units @ $18

AUG 11: Sales 400 units

AUG 18: Purchases 350 units @ $18.5

AUG 23: Sales 300 units

AUG 26: Purchases 200 units @ $19

AUG 29: Sales 100 units

The selling price is fixed at $25 per unit. There were 300 units in inventory at the beginning of June which belonged to a batch that was bought in May at a price of $17 per unit. Calculate the profit for June using the following methods of inventory valuation? a) FIFO b) AVCO