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Boxwood Company sells blankets for $33 each. The following information was taken from the inventory records during May. The company had no beginning inventory on May 1. Boxwood uses a perpetual inventory system.

Date	Blankets	Units	Cost
May 3	Purchase	11	$16
10	Sale	5
17	Purchase	13	$17
20	Sale	8
23	Sale	2
30	Purchase	12	$24

Determine the cost of goods sold for the sale of May 20 using the FIFO inventory costing method.

a. $232

b. $134

c. $216

d. $130