5. The 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

Date	Blankets	Units	Cost
May 3	Purchase	7	$15
10	Sale	3
17	Purchase	11	$16
20	Sale	5
23	Sale	3
30	Purchase	12	$21

Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method.

a.$76

b.$79

c.$140

d.$125