The Boxwood Company sells blankets for $ 37.00 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 03 Purchase 10 $19.00 May 10 Sale 3 May 17 Purchase 10 $14.00 May 20 Sale 6 May 23 Sale 2 May 30 Purchase 11 $21.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method. Select the correct answer.

a- $357.00

b-$420.00

c-$380.00

d-$280.00