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 May1 Blankets Units 5 3 10 6 3 10 Cost $20 Date Purchase Sale Purchase Sale Sale Purchase May 3 10 17 20 23 30 $24 $30 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. $144 ob$180 Oc. $120 Od. $136