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. Blankets Units Cost Date May 3 Purchase 8 $14 10 Sale 3 17 Purchase 13 $17 20 Sale 5 23 Sale 3 30 Purchase 10 $24 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. Oa. $573 Ob. $504 < c. $178 d. $395 Previous Next Email Instructor Save and Exit Submit Assignment for Grading 1:03 AM