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 Blankets Date May 03 Purchase May 10 Sale May 17 Purchase May 20 Sale May 23 Sale May 30 Purchase Cost $20.00 Units 0 $18.00 $22.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method Select the correct answer O$244.00 $296.00 $540.00 $374.00