The Boxwood Company sells blankets for $ 36.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1.

Date	Product Z	Units	Cost
May 01	Balance	8	$14.00
May 10	Sale	5
May 17	Balance	11	$18.00
May 20	Sale	8
May 23	Sale	2
May 30	Balance	12	$20.00

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.

Select the correct answer.

$132.00

$214.00

$186.00

$124.00