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Check my work Check my work Mower-Blower Sales Co. started business on January 20, 2019. Products sold were snow blowers and lawn mowers. Each product
Check my work Check my work 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: Mowers Blowers 22 $ 205 36 193 27 191 24 180 points January 21 February 3 Pebruary 2B March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 17&$211 47 @ 214 438 219 702 226 180 214 178 211 eBook 20 205 Print The December 31, 2019, inventory included 12 blowers and 28 mowers. Assure the company uses a periodic inventory system, References Required: a-1. Compute ending inventory valuation at December 31, 2019. under the FIFO and LIFO cost flow assumptions. FIFO LIFO Blowers Mowers a-2. Is there any difference in valuation under FIFO and LIFO. Yes
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