1. 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	8	$14
   10	Sale	3
   17	Purchase	11	$18
   20	Sale	4
   23	Sale	2
   30	Purchase	11	$24

   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.$574

   b.$150

   c.$424

   d.$456