The Boxwood Company sells blankets for $ 39.00 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 $16.00 May 10 Sale 5 May 17 Purchase 11 $18.00 May 20 Sale 6 May 23 Sale 2 May 30 Purchase 8 $23.00 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.