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Boxwood Company sells blankets for $36 each. The following information was taken from the inventory...

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Accounting

Boxwood Company sells blankets for $36 each. The following information was taken from the inventory records during May. The company had no beginning inventory on May 1. Boxwood uses a perpetual inventory system. Date May 31017202330 Blankets a. $672 b. $528 c. $476 Od. $420 Purchase Sale Purchase Sale Sale Units 931642 ~ 12 Cost $17 Purchase $24 Determine the May 31 inventory balance using the FIFO inventory costing method. $15 ANSWER ASAP!!!!! Boxwood Company sells blankets for \(\$ 36\) each. The following information was taken from the inventory records during May. The company had no beginning inventory on May 1. Boxwood uses a perpetual inventory system. Determine the May 31 inventory balance using the FIFO inventory costing method. a.\(\$ 672\) b.\(\$ 528\) c.\(\$ 476\) d.5420

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