Calculator The Boxwood Company sells blankets for $30 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 8 $20 10 Sale 17 Purchase 14 $15 20 Sale 22 Sale 30 Purchase 8 $19 Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the FIFO inventory cost method. 5380 b. 351 O $285 4.5317 Check My Work Previous 10:50 AM G H I J K L