Boxwood Company sells blankets for $60 each. The following was taken from the Inventory records during May. The company had no beginning Cost 10 23 Assuming that the O$136 O$180 O$120 company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the LIPO inventory cost method. $144 The following lots of Commodity P were available for sale during the year. Use this Information to answer the questior 5 units at $61 15 units at $63 10 units at $74 10 units at $77 First purchase The firm uses the perlodic system and there are 20 units of the commodity on hand at the end of the year What is the amount of cost of goods sold for the year according to the FIFO method? , $1,380 Ob. $1,375 Oc. $1,250 Od. $1,510 (Pr