Question 30 Not yet answered Marked out of 1 Flag question Use the information below to answer the following questions The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May The company had no beginning inventory on May 1. Date Purchase Aswing that the company uses the perpetual s tory tem, determine the cost of merchandise old for the sale of May 20 at the FIFO inventory cont method