Calculator Boxwood Company sells blankets for $32 each. The following was taken from the inventory...
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Calculator Boxwood Company sells blankets for $32 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 $17 10 Sale Purchase Sale 20 23 Sale 30 Purchase 15 $20 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. Ca$248 C. $351 c. $495 d. $639
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