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Boxwood Company sells blankets for $34 each. The following information was taken from the inventory records during May. The company had no beginning Inventory on

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Boxwood Company sells blankets for $34 each. The following information was taken from the inventory records during May. The company had no beginning Inventory on May 1. Boxwood uses a perpetual inventory system Date Blankets Units Cost May 3 Purchase 8 $14 10 5 Sale Purchase 17 13 $15 Sale 8 20 23 Sale 3 30 Purchase 10 $24 Determine the cost of goods sold for the sale of May 20 using the FIFO inventory costing method Oa 5162 Ob. 5117 Oc. 5115 Od 5190

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