gnmentSessionLocator-a -assignment-take&inprogress false (Q3) Quiz 3-Review Chpt 5 &6 1. MC.05-77 2. MC.05-91 3. MC.05-93 Calculator Use the information below to answer the following question. The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no beginning Date Blankets Units Cost $20 May 3 10 17 20 23 30 10 . MC.05-112 5. MC.05-119 5. MC.05-120 MC.05-141 . MC.05-145 . MC.06-64 0. MC.06-65 1. MC.06-70 2. MC.06-71 . MC.06-73 . MC.06-81 Purchase 10 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. Ob. $72 C. $180 d. $120 MC.06-83 Check My Work 2 more Check My Work uses remaining rogress: 13/15 items