The Boxwood Company sells blankets for $32.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date May 03 chase May 10 Sale May 17 Purchase May 20 Sale May 23 Sale May 30 Purchase Blankets Units 10 Cost $16.00 16 $15.00 $21.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method Select the correct answer. O$348.00 O$320.00 O$300.00 O$420.00