Transactions for the month of June were:

	Purchases			Sales
June 1	(balance) 1,600 @ 3.20		June 2	1,200 @ 5.50
June 3	4,400 @ 3.10		June 6	3,200 @ 5.50
June 7	2,400 @ 3.30		June 9	2,000 @ 5.50
June 15	3,600 @ 3.40		June 10	800 @ 6.00
June 12	1,000 @ 3.50		June 18	2,800 @ 6.00
			June 25	400 @ 6.60

1) Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is