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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 3Purchase 10 $15 10 Sale 5 17 Purchase 13 $16 20 Sale 6 23 Sale 2 30 Purchase 9 $24 Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the FIFO inventory cost method a $285 Ob. 5:04 OC 8376 d. 5456 The Boxwood Company sells blankets for $40 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost Purchase $12 May 3 28 10 Sale 11 17 Purchase 39 $14 20 Sale 20 23 Sale 5 30 Purchase 26 $15 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the Firo Inventory cost method a $130 O, 3204 Oc570 Od 5246 The Boxwood Company selis blankets for $34 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Blankets Units Cost Purchase $20 May 3 8 10 Sale 5 17 Purchase 14 $14 20 Sale 6 23 Sale 2 9 $24 30 Purchase Assumine that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO Inventory cost method Ca. 5520 Ob. 5212 Oc. $360 Od 5572 Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 25 units @ $15 5 Sale 15 units 17 Purchase 23 units @ $18 30 Sale 18 units Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30, Assuming a perpetual inventory system and the last-in, first-out method: Nov. 1 Purchased 600 units $80 each 4 Sold 200 units 11 Purchased 350 units $82 each 12 Sold 275 units 22 Purchased 175 units $84 each 23 Sold 155 units a. Determine the inventory on November 30, b. Determine the cost of the goods sold for November