The Boxwood Company sells blankets for $ 35.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May Cost $18.00 Date Blanks Units MO Purchase May 10 Sale May 17 Purchase $14.00 May 20 Sale May 23 Sale May 30 Purchase $22.00 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 $280.00 $140.00 $360.00 $352.00