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 Purchase 9 $18.00 Sale 5 Purchase 16 $14.00 May 03 May 10 May 17 May 20 May 23 May 30 Sale 5 Sale 3 Purchase 11 $22.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. Select the correct answer. $628.00 $202.00 $426.00 $550.00