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Boxwood Company sells blankets for $31 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 $31 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. a. 5324 b. $216 c. 5135 d. $270

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