Lola works at actiontech’s headquarters where she leads a team of eight people. the team is focused on providing technical support and customer service for actiontech’s new line of wearable computing gear for runners. it is lola’s sole responsibility to set team goals, assign tasks and monitor the performance of team members. lola reports to her manager on team progress, outcomes and performance metrics. lola’s team structure is:

Use the information below to answer the following question. the 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. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.