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Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginning inventory on May1

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Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginning inventory on May1 Date Blankets Units Cost May 03Purchase $18 10 Sale 17 Purchase $17 20 Sale 23 Sale 30 Purchase $21 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. 5413 b.$189 .$151 d 5291

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