Calculator The Boxwood Company sells blankets for $33 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 11 $15 10 Sale 5 17 Purchase 13 $16 20 Sale 7 23 Sale 2 30 Purchase 11 $24 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO Inventory cost method. Oa Ja. SIKT Ob. 5202 Oc. 5106 Od. 5111 Previous Next > All work saved Submit Test for Grading