Boxwood Company sells blankets for $32 each. The following information was taken from the inventory records
Date
Blankets
Units
Cost
10
$17
May 3
Purchase
10 Sale
17 Purchase
20
Sale
23
Sale
30
Purchase
3
6
9
2
8
$18
$24
Determine the cost of goods sold for the sale of May 20 using the LIFO inventory costing method.
O a $51
O b. $192
c. $108
Od. $36