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Boxwood Company sells blankets for $ 3 3 each. The following was taken from the inventory records during May. The company had no beginning inventory

Boxwood Company sells blankets for $33 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
$18
10 Sale 4
17 Purchase 15
16
20 Sale 4
23 Sale 3
30 Purchase 15
22
Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method.
a. $330
b. $490
c. $682
d. $264

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