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The Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginning inventary on
The Boxwood Company sells blankets for $32 each. The following was taken from the inventory records during May. The company had no beginning inventary on May 1. Blankets Units Cost Date May 3 Purchase 10 $15 10 Sale 4 17 Purchase $16 20 Sale 4 23 Sale 2 30 Purchase $23 Assuming that the company uses the perpetual inventory svitem determine the May 31 Inventory balance using the PFO invertory cost method. DA SO C3330 c. 135 d. 30
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