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 $17 10 Sale 3 17 Purchase 9 $18 20 Sale 5 23 Sale 2 30 Purchase 12 $20 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, 589 Ob. $141 Oc. $158 Od 586