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The Boxwood Company sells blankets for $ 33.00 each. The following was taken from the inventory records during May. The company had no beginning inventory

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The Boxwood Company sells blankets for $ 33.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May Date Blankets Units Cost May 03 Purchase 7 $20.00 May 10 Sale 4 May 17 Purchase 15 $18.00 May 20 Sale 6 May 23 Sale 3 May 30 Purchase 10 $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 $380.00 5372.00 $199.00 14200

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