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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

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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 200 $ 195 40@ 190 27@ 181 19@ 187 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 18@ $207 37 210 35@ 216 64 225 16@ 210 18@ 207 210 195 es The December 31, 2019, Inventory included 8 blowers and 22 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

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