The Boxwood Company sells blankets for $35 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	7	$16
10	Sale	4
17	Purchase	11	$14
20	Sale	5
23	Sale	3
30	Purchase	10	$19

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. $176

b. $280

c. $342

d. $456