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. Blankets Units Cost Date May 3 Purchase B $19 10 Sale 4 17 Purchase 13 $16 Settings and more (Alt+F) 201 Sale 5 23 Sale 3 30 Purchase 11 $18 Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the FIFO inventory cost method. Oa. $342 Ob. $320 Oc. $360 Od. $380