Boxwood Company sells blankets for $35 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Blankets Units 5 Cost May 3 Purchase $15 10 Sale 3 17 Purchase 15 18 20 Sale 5 23 Sale 3 30 Purchase 15 20 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. $300 3656 3462 Od 5240