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Boxwood Company sells blankets for $40 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	6	$19
10	Sale	3
17	Purchase	15	18
20	Sale	4
23	Sale	3
30	Purchase	15	21

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.$751

b.$315

c.$252

d.$513