Question: Would someone please help me with this answer please? Boxwood Company sells blankets for $40 each. The following was taken from the inventory records during

Would someone please help me with this answer please?

Boxwood Company sells blankets for $40 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 5 $16 10 Sale 3 17 Purchase 9 $17 20 Sale 5 23 Sale 2 30 Purchase 9 $19 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. $271 Ob. $237 c. $119 d. $203

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