ILLUDINLULI-Ups Calculator The Boxwood Company sells blankets for $38 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 9 $ 10 Sale 3 13 17 20 23 Purchase Sale Sale TUIN 30 Purchase 10 $21 Assuming that the company uses the perpetual inventory system, determine the May 31 Inventory balance using the FIFO inventory cost method. a $408 b. $357 c. $441 d. $378 (Previous Next ) Gay With 900 AM low.com/u/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator The Boxwood Company sells blankets for $39 each. The following was taken from the inventory records during May. The company had no beginning Inventory on May 1. Date May 3 10 17 20 23 Blankets Units Cost Purchase 31 $10 Sale 12 Purchase 26 $12 Sale 22 Sale 2 30 Purchase 22 $13 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 a $54 b. $190 Oc. $24 d. 5226