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 9 $16 10 Sale 5 17 Purchase 15 $17 20 Sale 5 23 Sale 3 30 Purchase 12 $21 As ing that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventury cist method. Oa. $84 Ob. $81 Oc. $165 Od. $149