Question: Question 48 Use the information below to answer the following questions Boxwood Company sells blankets for 560 each. The following was taken from the inventory

Question 48 Use the information below to answer the following questions

Question 48 Use the information below to answer the following questions Boxwood Company sells blankets for 560 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Blankets Units May 3 Purchase 5 S20 10 Sale 3 17 Purchase 10 24 20 Sale 6 Sale 3 30 Purchase 10 30 Assuming that the company uses the perpetual inventory system, determine the gross profit for the month of May using the LIFO costrethod a $348 1.8356 c. $444 d. $452

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