Business, 15.06.2021 16:30 luvcherie18

The Boxwood Company sells blankets for $36.00 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 7 $17.00 May 10 Sale 3 May 17 Purchase 10 $18.00 May 20 Sale 5 May 23 Sale 2 May 30 Purchase 8 $19.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method.

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The Boxwood Company sells blankets for $36.00 each. The following was taken from the inventory recor...

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