takeAssignment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator &inprogress=false Calculator The Boxwood Company sells blankets for $38 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 26 514 10 Sale 10 17 Purchase 37 $16 20 Sale 18 23 Sale 5 30 Purchase 3B $17 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. Oa. 5110 Ob. 5224 Oc. $80 Od $256 Previous N All work saved Submit Test fi takeAssignment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator &inprogress=false Calculator The Boxwood Company sells blankets for $38 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 26 514 10 Sale 10 17 Purchase 37 $16 20 Sale 18 23 Sale 5 30 Purchase 3B $17 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. Oa. 5110 Ob. 5224 Oc. $80 Od $256 Previous N All work saved Submit Test fi