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 3	Purchase	6	$16
10	Sale	4
17	Purchase	10	14
20	Sale	4
23	Sale	3
30	Purchase	10	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.

a.$364

b.$280

c.$168

d.$210