Boxwood Company sells blankets for $$39$ each. The following information was taken from the inventory records during May. The company had no beginning inventory on May $1.$ Boxwood uses a perpetual inventory system.

Date Blankets Units Cost

May $3$ Purchase $39$ $$11$

$10$ Sale $16$

$17$ Purchase $32$ $$13$

$20$ Sale $27$

$23$ Sale $2$

$30$ Purchase $29$ $$14$

Determine the gross profit for the sale of May $23$ using the FIFO inventory costing method.

a$.$ $$52$

b$.$ $$253$

c$.$ $$26$

d$.$ $$305$