Question 18 Use the information below to answer the following questions Boxwood Company sells blankets for 560 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 3 Purchase 5 $20 10 Sale 3 17 Purchase 10 26 20 6 Sale 23 (Sale 3 30 Punching 10 30 Amaning that the company was the perpetual inventary system determine the cost of chandise sold for the sale of May 20 using the FIFO inventory cost method. a $120 1.5136 1:14