Use the following information to answer the following questions. The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. Cost Units Product Z Date $30 Purchase Sale Purchase Sale Sale Purchase 5 May 3 3 May 10 $34 10 May 17 6 May 20 3 May 23 $40 10 May 30 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May the LIFO inventory cost method. O $362 $548 $520 $494