Boxwood Company sells blankets for $37 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 tem Date Blankets Cost $17 Units May 3 Purchase 9 10 Sale 3 17 Purchase 9 $18 20 Sale 4 23 Sale R 30 Purchase 2 10 $21 Determine the Hay 31 inventory balance using the FIFO inventory costing method O. 5323 Ob. 72 Oc. 1999 Od. 142