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 May 03 Blankets Units Cost Purchase 9 $15.00 May 10 Sale 5 May 17 Purchase 15 $16.00 May 20 Sale 4 May 23 Sale May 30 Purchase 29 $21.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method. Select the correct answer. $330,00 $352.00 $462.00 $397.00