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Accounting

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+ X My Home CengageNOWV2 Online teachii X https://v2.cengagenow.com/ilm/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLoc... 1 to 11 Calculator Boxwood Company sells blankets for $40 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 3 Purchase 7 $28 10 Sale 3 17 Purchase 14 29 20 Sale 6 Sale 3 30 Purchase 10 30 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO inventory cost method. Oa. 554 Ob. 587 Oc $300 Od. 5174

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