oxwood Company sells blankets for $30 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 03 Purchase 6 $20 10 Sale 3 17 Purchase 14 $22 20 Sale 5 23 Sale 3 30 Purchase 14 $24 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. a. $528 b. $396 c. $264 d. $660