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	10	$14.00
May 10	Sale	3
May 17	Purchase	13	$14.00
May 20	Sale	5
May 23	Sale	2
May 30	Purchase	11	$19.00

Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method.

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