Use the information below to answer the following question.

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.

CengageNOWv2 | Orv X t News l Dasl'uboarcl ' countir . i . Lhapter 7 ACCT F 6' 9 (3' Q l G} v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invok "- U {:7 I q Search ' 4! III\\ E: E Calculator Use the information below to answer the following question. 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. 9. MC. 07- 090 Date Blankets 10_ MC. 059 . Mays Purchase 10 Sale 1.7 Purchase . 0 1i. M007 080 20 Sale 23 Sale 12- MC- 3n Purchase 30 13. MC. 07- 060 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the FIFO Inventory cost method. 14. MC.0 070 0a. $135 Ob. $180 Oc. $120 15. MC. 07- 048 _ Progress: 21I21 items ( Previous me Remaining: 0:56:25 All work saved. Submit Test for Grading 2:0 5 F' M E ' 7 'l Hit-72017