Business
Business, 13.08.2019 02:20, shawny5

Use the information below to answer the following question. the 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 blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 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. $320 c. $364 d. $324

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