Boxwood Company sells blankets for $33 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 8 $21 10 Sale 4 17 Purchase 12 $23 20 Sale 6 23 Sale 2 30 Purchase 10 $24 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO inventory cost method. a. $46 b. $138 c. $84 Od. $240