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 198 $ 204 33@ 206 40 184 24@ 183 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 18 @ $212 410 218 42@ 218 63 234 172 218 18 @ 212 25 204 The December 31, 2019, inventory included 8 blowers and 26 mowers. Assume the company uses a periodic inventory system Required: 0-1. Compute ending inventory valuation at December 31, 2019 under the FIFO and UFO cost flow assumptions FIFO LIFO Blowers Mowers 0-2. Is there any difference in valuation under FIFO and LIFO Yes O No b. If the cost of mowers had increased to $246 each by December 1, and if management had purchased 30 mowers at that time and if it wants to minimize taxes, which cost flow assumption was probably being used by the firm? OLIFO O FIFO