The Boxwood Company sells blankets for $32 each. The following was taken from the Inventory records during May. The company had no beginning inventory on May 1. Date Blankets May 3 Purchase Units Cast 9 $16 10 Sale 3 17 Purchase 16 $17 20 Sale 23 Sale 30 Purchase $22 Assuming that the company uses the perpetual Inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO Inventory cost method. a. $118 Ob. $215 c. $113 Od. $167