Question: Need help Question 6 (5 points) Use the information below to answer the following questions. The Boxwood Company sells blankets for $60 each. The following

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Need help Question 6 (5 points) Use the information below to answer

Question 6 (5 points) Use the information below to answer the following questions. 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 w 30 Purchase 10 $30 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the FIFO inventory cost method

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