3. MC.07.72. ALGO (Algorithmic) Boxwood Company sells blankets for $34 each. The following was taken from the Inventory records during May. The company had no beginning inventory on May 1 Date Blankets Units Cost May 3 Purchase 6 $20 10 Sale 4 17 Purchase 14 15 5 20 23 Sale Sale 3 30 Purchase 14 23 Assuming that the company uses the perpetuat inventory system, determine the ending inwentory value for the month of May using the FIFO Inventory cost method a $442 b. $586 6. $255 d. $322