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nd 6 Boxwood Company sells blankets for $60 each. The following information was taken from the inventory records during May. Th beginning inventory on May

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nd 6 Boxwood Company sells blankets for $60 each. The following information was taken from the inventory records during May. Th beginning inventory on May 1. Boxwood uses a perpetual inventory system. Date Blankets Units Cost May 3 Purchase 5 $20 10 Sale 3 17 Purchase 10 $24 20 Sale 6 23 Sale 3 30 Purchase 10 $30 Determine the May 31 inventory balance using the LIFO inventory costing method. Oa. $320 Ob. $324 Oc. $364 Od. $372

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