The Boxwood Company sells blankets for $34 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	$16
10	Sale	3
17	Purchase	10	$17
20	Sale	7
23	Sale	3
30	Purchase	10	$20

Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method.

a.$199

b.$114

c.$167

d.$117