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 May 3 5 $20 10 Purchase Sale Purchase 3 17 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 sale of May 23 using the FIFO inventory cost method, a. 510 b. 5120 CASION d. 572