Calculator The Boxwood Company sells blankets for $36 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 9 $16 10 Sale 4 17 Purchase 9 $18 20 Sale 23 Sale 2 30 Purchase B $23 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. 5208 Ob. 5234 Oc. 5138 Od. 5134