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 7 $14 10 Sale 4 17 Purchase 10 $15 20 Sale 4 23 Sale 3 30 Purchase 8 $19 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method. Oa. $102 Ob. $59 Oc. $57 Od. $116