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The Boxwood Company sells blankets for $ 4 0 each. The following was taken from the inventory records during May. The company had no beginning

The Boxwood Company sells blankets for $40 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 3 Purchase 10 $14
10 Sale 5
17 Purchase 14 $15
20 Sale 5
23 Sale 3
30 Purchase 11 $20
Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method.
a. $570
b. $190
c. $480
d. $380

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