assuming that the company uses a perpetual inventory system determine the cost of good sold for the sale of May 20 using the FIFO inventory cost method

The Boxwood Company sells blankets for $36 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 9 314 10 Sale 5 17 Purchase 15 $16 20 Sale 6 23 Sale 2 30 Purchase 10 $22 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 Oa. 5166 Ob. 588 O $152 Od. $92