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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 beginn 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 beginn inventory on May 1. Blankets Units Cost Date May 3 Purchase 5 $20 10 Sale 3 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 May 31 Inventory balance using the LIFO Inventory cost method Os 5320 Ob 5372 Oc. 5364 Od. 5324

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