Use the information below to answer the following question. Boxwood Company sells blankets for $60...
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Use the information below to answer the following question. 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 Cost 20 Units Blankets Date 10 17 20 23 30 10 30 10 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the FIFO inventory cost method. Oa. $136 Ob. $120 . $180 Od. $144
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