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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

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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 Blankets Units Cost Purchase 5 $20 Sale 10 17 Purchase 10 $24 20 Sale 6 23 Sale 3 30 Purchase 10 $30 Assuming that the company uses the perpetual inventory system, determine the gross profit for the month of May using the LIFO cost method. Oa. $452 OD $356 Oc. 444 Od. $345

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