Content Area The Boxwood Company sells blankets for $31 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 7 $17 10 Sale 4 17 Purchase 14 $18 20 Sale 6 23 Sale 2 30 Purchase 11 $23 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. a. $624 b. $483 c. $412 d. $212