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 to beginninventary on May 1 Date Units Cost May 3 Blankets Purchase Sale purch 24 Purchase Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20g the 5190 5136 $120 d. 5144