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. Date May 3 10 Units Blankets Purchase Sale Purchase Cost $20 20 23 Sale Purchase Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. a. $372 b. $324 C. $364 d. $320 Previous Next All work saved Email Instructor Submit Test for Grad