The Boxwood Company sells blankets for $31 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 8 $15 10 Sale 5 17 Purchase 11 $18 20 Sale 6 23 Sale 3 30 Purchase . $21 Assuming that the company uses the perpetual Inventory system, determine the cost of goods sold for the sale of May 20 using the LIFO inventory cost method, 2. SINO b. Stok c. 554 Ed. 575