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can you please help me with #49. I know that the answer is B.$372, but I do not understand how to get this answer. Use
can you please help me with #49. I know that the answer is B.$372, but I do not understand how to get this answer. 
Use the information below to answer the following questions. Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 . 49. Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method. a. $364 b. $372 c. $324 d. $320 Step by Step Solution
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Managerial Accounting
Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.
1st Edition
0138129711, 978-0138129712
