Mower-Blower Sales Co. started business on January 20, 2013. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during 2013 were as follows: Mowers Blowers 20 @ $ 193 33 @ 192 37 @ 191 18 @ 181 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 17 @ $ 220 39 @ 218 43 @ 217 55 @ 230 17 @ 218 17 @ 220 20 @ 193 In inventory at December 31, 2013, were 9 blowers and 23 mowers. Assume the company uses a periodic inventory system. Required 1: (a)Compute ending inventory valuation at December 31, 2013 under the FIFO and LIFO cost-flow assumptions. (Hint: Compute ending inventory under each method, and then compare results.) FIFO LIFO Blowers Mowers (b)ls there any difference in valuation under LIFO and FIFO. Yes No