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2. Mower-Blower Sales Co. started business on January 20, 2019. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during

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2. Mower-Blower Sales Co. started business on January 20, 2019. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during 2019 were as follows: 2 points Mowers Blovers 188 $ 205 32 193 29 194 210 200 January 21 February February 20 March 13 April May 22 June 3 June 20 August 15 September 20 November 190 $213 400 216 449 222 554 225 176 216 194 213 221 205 The December 31, 2019, inventory included 12 blowers and 24 mowers. Assume the company uses a periodic inventory system. Required: 2-1. Compute ending inventory valuation at December 31, 2019, under the FIFO and UFO cost flow assumptions. FIFO LIFO Blowers Mowers

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