Laker Company reported the following January purchases and sales data for its only product.

Date		Activities	Units Acquired at Cost								Units sold at Retail
Jan.	1	Beginning Inventory	190	units	@	$	7.80	=	$	1,482
Jan.	10	Sales										110	units	@	$	15.80
Jan.	20	Purchase	260	units	@	$	6.80	=		1,768
Jan.	25	Sales										185	units	@	$	15.80
Jan.	30	Purchase	130	units	@	$	5.80	=		754
		Totals	580	units					$	4,004		295	units

Laker Company uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units, where 130 are from the January 30 purchase, 75 are from the January 20 purchase, and 80 are from beginning inventory.

A)specific identification

B)weighted average.

C)FIFO.

D) LIFO.