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 7 $23 10 Sale 5 17 Purchase 11 $24 20 Sale 4 23 Sale 2 30 Purchase B $26 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. Oa. $115 Ob. $20 Oc. 340 Od. 196