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Boxwood Company sells blankets for $31 each. The following was taken...

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Accounting

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Boxwood Company sells blankets for $31 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 4 17 Purchase 16 20 Sale 5 23 Sale 2 30 Purchase 16 21 Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method. Ca 5136 Ob. 563 Oc sin Cd. 5269

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