Boxwood Company sells blankets for $34 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets May 03 Purchase Units Cost 6 $18 10 Sale 4 17 Purchase 15 $16 20 Sale 23 Sale 30 Purchase 4 2 15 $22 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. $506 b. $330 c. $264 d. $717