The Boxwood Company sells blankets for $36 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 38 $15 10 Sale 15 17 Purchase 33 $17 20 Sale 27 23 Sale 3 30 Purchase 28 $18 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. Oa. 153 Ob. 5545 Oc551 Od 5413