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 8 $20 10 Sale 5 17 Purchase 14 $12 20 Sale 6 23 Sale 2 30 12 Purchase $23 Assuming that the company uses the perpetual Inventory system, determine the May 31 Inventory balance using the FIFO Inventory cost method Oa. Si Ob 5154 c. 5429 od 5420