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: Blowers Mowers January 21 16 @ $ 203 February 3 38 @ 194 February 28 36 @ 188 March 13 17 @ 186 April 6 16 @ $ 209 May 22 48 @ 212 June 3 36 @ 219 June 20 60 @ 232 August 15 16 @ 212 September 20 16 @ 209 November 7 20 @ 203 The December 31, 2019, inventory included 11 blowers and 26 mowers. Assume the company uses a periodic inventory system. Required: a-1. Compute ending inventory valuation at December 31, 2019, under the FIFO and LIFO cost flow assumptions.

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: Blowers Mowers 16 $ 203 January 21 February 3 February 28 38 194 36 188 17@ March 13 186 April 6 May 22 16@ $209 48 212 36@ June 3 219 June 20 232 60 16@ 212 August 15 September 20 16@ 209 200 203 November 7 The December 31, 2019, inventory included 11 blowers and 26 mowers. Assume the company uses a periodic inventory system. Required: a-1. Compute ending inventory valuation at December 31, 2019, under the FIFO and LIFO cost flow assumptions. FIFO LIFO Blowers Mowers