ogressefaise y sells blankets for $39 each. The following was taken from the inventory records during May. The company had n inventory on May 1 Date Blankets Units May 03 Purchase 10 $25 10 17 20 23 16 $27 $29 y uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIfO inventory cost mechod Assuming that the Oa. $135 Ob. $232 c. $125 Od. $54