Bowwood Company sells Dlankets for $33 each. The following information was taken from the inventory records during May. The company had na beginning inventory on May 1. Boxwood uses a perpetual inventery system. Determine the gross profit for the saie of May. 23 using the FIFO inventory costing method. 2.i. Sis. b. 5152 c. 564 d. 3214