re - 2021SP Fin x uh. Finance Quiz 6 | Sample Homew X CengageNOWv2 | Online teachir x G The following lots of a particular x Log In | Course Hero X + v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ers 5 - 8 The Boxwood Company sells blankets for $60 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 $20 10 Sale 3 17 Purchase 10 $24 20 Sale 6 23 Sale 3 30 Purchase 10 $30 Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the LIFO inventory cost method. Oa. $372 Ob. $320 Oc. $364 Od. $324