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 23@ $ 201 37 @ 192 38@ 191 23@ 196 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 17@ $216 44@ 218 44@ 220 52@ 226 19@ 218 17@ 216 17@ 201 The December 31, 2019, inventory included 10 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 The December 31, 2019, inventory included 10 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. LIFO Blowers Mowers a-2. Is there any difference in valuation under FIFO and LIFO. Yes O No b. If the cost of mowers had increased to $244 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