The Boxwood Company sells blankets for $33 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1.

Date	Blankets	Units	Cost
May 3	Purchase	9	$20
10	Sale	4
17	Purchase	13	$17
20	Sale	4
23	Sale	3
30	Purchase	8	$20

Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method.

a.$561

b.$362

c.$440

d.$199