Business, 01.08.2020 01:01, angellong94

The Boxwood Company sells blankets for $ 35.00 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 03 Purchase 10 $26
10 Sale 5
17 Purchase 16 $27
20 Sale 4
23 Sale 3
30 Sale 9 $28
Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO Inventory cost method.
a. $108.
b. $81.
c. $252.
d. $130.

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