The Boxwood Company sells blankets for $ 33.00 each. The following was taken from the...
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Accounting
The Boxwood Company sells blankets for $ 33.00 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 8 $14.00 May 10 Sale 5 May 17 Purchase 15 $17.00 May 20 Sale 4 May 23 Sale 3 May 30 Purchase 11 $22.00 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. Select the correct answer. O $374.00 O $429.00 O $308.00 O $484.00
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