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 Blankets Units Cost Purchase 5 May 3 S20 10 Sale 3 3 17 Purchase 10 $24 20 Sale 6 23 Salc 3 30 Purchase 10 $30 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. $120 $180 $144 O $136