The Boxwood Company sells blankets for $38 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Cost Date May 3 10 17 20 23 Blankets Purchase O c. $84 Od. $210 Sale Purchase Sale Sale 30 Purchase Units 10 4 10 6 3 10 $20 $14 $21 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the LIFO inventory cost method. O a. $80 Ob. $42

Assuming that the company uses the perpetual inventory system, determine the cost of gocds sold for the sale of May 20 using the Lifo inventory cost method. a. 500 b. 542 c. 384 4. 5210