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Boxwood Company sells blankets for $31 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	$14
10	Sale	4
17	Purchase	13	18
20	Sale	5
23	Sale	2
30	Purchase	13	23

Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method.

a.$576

b.$299

c.$425

d.$239