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Boxwood Company sells blankets for $38 each. The following information was taken from the inventory records during May, The company had no beginning inventory on

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Boxwood Company sells blankets for $38 each. The following information was taken from the inventory records during May, The company had no beginning inventory on May 1. Boxwood uses a perpotual inventory system. Determine the May 31 inventery balance using the UFo inventory costing method. 2. 5335 b. 5174 c. $509 d. $420

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