Print Item Boxwood 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 Purchase 9 $25 May 3 10 Sale 5 17 Purchase 16 27 20 Sale 6 23 Sale 3 30 Purchase 10 29 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO Inventory cost method. a. $125 b. $290 c. 5162 d. $81