Use the information below to answer the following questions Boxwood Company sells blankets for S60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Blankets Units Cost May 3 Purchase 5 520 10 Sale 3 17 Purchase 10 24 20 Sale 23 Sale 10 30 Purchase 30 Assuming that the company uses the perpetual inventory system, determine the grous profit for the month of May using the LIFO cost method. $356