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The Boxwood Company sells blankets for $60 each. The following was taken from the inventory...

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Accounting

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 May 1.

May 3 Purchase 5 units $20

May 10 Sale 3 units

May 17 Purchase 10 units $24

May 20 Sale 6 units

May 23 Sale 3 units

May 30 Purchase 10 units $30

Assuming that the company uses the perpetual inventory system, determine the ending inventory value at May 30 using the FIFO inventory cost method.

A. $364

B. $320

C. $324

D. $372

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