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The Boxwood Company sells blankets for $30.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on

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The Boxwood Company sells blankets for $30.00 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 03 Purchase 7 $19.00 May 10 Sale 14 May 17 Purchase 11 $17.00 May 20 Sale 5 May 23 Sale 2 May 30 Purchase 12 $19.00 Assuming that the company uses the perpetual Inventory system, determine the ending Inventory for the month of May using the LIFO inventory cost method NG Select the correct answer 5353.00 $342.00 95548.00 195.00

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