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Question Content Area Boxwood Company sells blankets for $ 3 5 each. The following was taken from the inventory records during May. The company had

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Boxwood Company sells blankets for $35 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 9
$23
10 Sale 3
17 Purchase 9
24
20 Sale 4
23 Sale 3
30 Purchase 8
25
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.

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