Boxwood Company sells blankets for $36 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 5 $15 10 Sale 3 17 Purchase 14 $16 20 Sale 5 23 Sale 2 30 Purchase 14 $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. $452 Ob. $308 Oc. $625 Od. $246