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Boxwood Company sells blankets for 533 each. The following was taken from the inventory records during May. The company had no beginning inventory on May

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Boxwood Company sells blankets for 533 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 7 $29 10 Sale 5 17 Purchase 10 30 20 Sale 4 23 Sale 2 30 8 32 Purchase Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO Inventory cost method 03145 Ob. 5130 Oc5356 Od 560

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