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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

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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 03 Purchase 5 $15 10 Sale 3 17 Purchase 9 $17 20 Sale 23 Sale 2 30 Purchase 9 $20 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. S144 b. S248 c. $180 d. $330

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