The Boxwood Company sells blankets for $39 each. The following was taken from the inventory records during May. The company had no beginning inventory on Ma Date Blankets Units Cost May 3 Purchase 7 $14 10 Sale 5 17 Purchase 16 $16 20 Sale 5 23 Sale 2 30 Purchase 10 $19 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. a. $32 Ob. $80 Oc. $190 Od. $70