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 1. Date Blankets Units Cost May 03 Purchase 8 $14.00 May 10 Sale 4 May 17 Purchase 11 $15.00 May 20 Sale 5 May 23 Sale 2 May 30 Purchase 8 $21.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method.