The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date May 3 Purchase 10 Sale Blankets Units Cost 5 $20 3 10 $24 6 3 10 $30 17 Purchase 20 Sale 23 Sale 30 Purchase 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. 5136 $180 $144 $120