Calculator The Boxwood Company sells blankets for $37.00 each. The following was taken from the inventory records during May. The company had no beginning inve Date Blankets Units Cost May 03 Purchase 22 $16.00 May 10 Sale 9 May 17 Purchase 30 $18.00 May 20 Sale 11 May 23 Sale 8 May 30 Purchase 23 $19.00 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. Select the correct answer. O $156 O 5208 O5144 O 5172