The Boxwood Company sells blankets for $30 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 Sale 10 $16 10 3 17 Purchase 13 16 20 Sale 5 23 Sale 3 10 S23 30 Purchase Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. Oa. $598 b. $422 O c. $529 Od. $176