The Boxwood Company sells blankets for $40.00 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 $18.00 May 10 Sale 3 May 17 Purchase 16 $16.00 May 20 Sale 4 May 23 Sale 3 May 30 Purchase 8 $18.00 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. $166.00 x $580.00 $468.00 $414.00 The following lots of a particular commodity were available for sale during the year Beginning inventory 12 units at $49.00 First purchase 15 units at $54.00 Second purchase 54 units at $58.00 Third purchase 18 units at $64.00 The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the LIFO method? Select the correct answer. O $1,558.00 $1.290.00 O $5.682.00 $1.225.00 The following lots of a particular commodity were available for sale during the year Beginning inventory 9 units at $51.00 First purchase 18 units at $54.00 Second purchase 26 units at $59.00 Third purchase 16 units at $63.00 The firm uses the periodic system, and there are 27 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method? Select the correct answer. O $1.377.00 $1.657.00 O $3.973.00 $3.946.00