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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 inventory on
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 May 3 17 10 Sale 20 23 30 Blankets O a $45 O b. $90 Purchase c. $68 O d. $171 Purchase Sale Sale Purchase Units 10 4 13 6 3 9 Cost $17 $15 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. $19 A
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