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Boxwood Company sells blankets for $40 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	7	$15
10	Sale	3
17	Purchase	10	$18
20	Sale	6
23	Sale	2
30	Purchase	10	$22

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

a.$153

b.$96

c.$102

d.$168