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 3	Purchase	5	$18
10	Sale	3
17	Purchase	15	14
20	Sale	4
23	Sale	3
30	Purchase	15	22

Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method.

a.$66

b.$108

c.$32

d.$150

The following units of an inventory item were available for sale during the year:

Beginning inventory	10 units at $49
First purchase	15 units at $53
Second purchase	20 units at $57
Third purchase	17 units at $62

The firm uses the periodic inventory system. During the year, 37 units of the item were sold.

The value of ending inventory using FIFO is

a.$2,305

b.$1,510

c.$1,208

d.$2,000

These lots of a particular commodity were available for sale during the year:

Beginning inventory	5 units at $61
First purchase	15 units at $63
Second purchase	10 units at $74
Third purchase	10 units at $77

The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year.

What is the amount of cost of merchandise sold for the year according to the FIFO method?

a.$1,375

b.$1,380

c.$1,510

d.$1,250

help so i can verify my answer if someone can please!