Content Area The Boxwood Company sells blankets for $32 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 $19 10 Sale 3 17 Purchase 11 $17 20 Sale 6 23 Sale 2 30 Purchase 8 $19 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method