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 # of Units Unit Cost . May 3 -|Purchase S20 10 17 20 23 30 Sale Purchase Sale Sale Purchase 10 S24 10 S30 1. Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the month of May using the LIFO inventory cost method and the FIFO method