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Boxwood Company sells blankets for $37 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	10	$14
10	Sale	5
17	Purchase	10	$15
20	Sale	4
23	Sale	3
30	Purchase	10	$19

Determine the May 31 inventory balance using the FIFO inventory costing method.

a.$270

b.$252

c.$342

d.$310