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Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory

consists of $180$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $15$ units from beginning inventory.

The Company uses a periodic inventory system. For specific identification, ending inventory consists of $180$ units from the January $30$ purchase, $5$ units

from the January $20$ purchase, and $15$ units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using $($a$)$

specific identification, $($b$)$ weighted average, $($c$)$ FIFO, and $($d$)$ LIFO.

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Specific Id

$180$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $15$ units from beginning inventory.

a$)$ Specific Identification