Boxwood Company sells blankets for $30 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 6 519 10 Sale 3 17 Purchase 10 20 4 Sale Sale 23 2 30 10 19 Purchase Assuming that the company uses the perpetual inventory system, determine the grous profit for the sale of May 23 using the FIFO inventory cost method; Os $24 Ob 560 Oc. $70 Od 996