Green, CPA, is completing audit procedures for the December 31, year 4, audit of JBU Co., a non-issuer (not a public corporation). An auditor from Green attended the physical inventory observation at year-end. JBU Co. maintains a perpetual inventory system integrated with its general ledger. The auditor noted some issues that require further investigation while reviewing JBU's inventory count sheets and warehouse location maps. The source documents examined by the auditor are in this file ACCT444CD#1Exhibits.docx The auditor established the following information relating to the inventory count and product lines of JBU. There was no product movement on the day of the count. The loading dock is part of Warehouse A for the purposes of the count. All product lines within each storage area are on the warehouse maps. The warehouse map is reflective of the warehouse on the day of the count. Inventory values in the perpetual inventory listing are the most recent purchase price. Materiality for year-end audit $8,000 Performance materiality: $5,000 Complete the inventory tasks below by using the information provided in the exhibits: 1. In column B, quantify the required adjustment, if any, to the product line in the perpetual inventory system. Enter increases to the perpetual inventory listing as positive whole dollars. Enter decreases to the perpetual inventory listing as negative whole do If no adjustment to the perpetual inventory listing is required, enter a zero (0). 2. In column C, select the justification for the required audit adjustment, or the reason why no audit adjustment is required, by selecting from the option list provided. A justification is once, more than once, or not used at all. Assume that there is only one reason for each product line discrepancy Choices for the Justification