A record of transactions for the month of June was as follows:

Purchases					Sales
		Units	@				Units
	Beginning Balance	500	$ 5.00		June	3	300
June	7	1250	$ 5.10			10	1000
	18	600	$ 5.25			22	800
	25	750	$ 5.50			28	400

The company uses the perpetual inventory system and FIFO cost flow assumption for internal reporting. The company uses LIFO cost flow assumption for external and tax reporting.

(1.) Determine ending inventory using FIFO

(2.) Determine ending inventory using LIFO

(3.) Prepare the Adjusting JE needed assuming the beginning balance in LIFO Reserve is $800 (credit balance)