ne Boxwood Company sells blankets for $37 each. The following was taken from the inventory records during May. The company had no beginning inve May 1. Date Blankets Units Cost May 3 Purchase 7 $14 10 Sale 4 17 Purchase 14 $15 20 Sale 5 23 Sale 2 30 Purchase 11 $20 Assuming that the company uses the perpetual Inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO Inventory cost method O a. 572 b. 5131 Oc 573 Od: 5117