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: The December 31, 2019, Inventory Included 10 blowers and 30 mowers. Assume the company uses a perlodic Inventory system. Requlred: a-1. Compute ending inventory valuation at December 31, 2019, under the FIFO and LIFO cost flow assumptions. a.2. Is there any difference in valuation under FIFO and LIFO. Yes No b. If the cost of mowers had increased to $243 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? LIFO FIFO