Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginnin inventory on May 1. Date Blankets Units Cost May 3 Purchase 5 $20 10 Sale 4 17 Purchase 12 22 20 Sale 4 23 Sale 2 30 Purchase 12 23 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. Oa. $428 Ob. $214 Oc. $296 Od. $560