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 18 @ $ 201 380 192 36@ 199 Mowers January 21 February 3 February 28 March 13 24@ 183 April 6 18@ $215 May 22 390 211 June 3 400 216 June 20 54@ 235 August 15 November 7 170 211 September 20 180 215 17@ 201 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. Blowers Mowers FIFO LIFO a-2. Is there any difference in valuation under FIFO and LIFO. Yes No b. If the cost of mowers had increased to $249 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? O LIFO O FIFO