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Mower-Blower Sales Co. started business on January 20, 2019. Products sold were snow blowers and lawn mowers. Each product solc 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 solc for $350. Purchases during 2019 were as follows: Mowers Blowers 19@$ 206 40 @ 194 35@ 192 25@ 187 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 19@$202 35 @ 215 44 216 68@ 229 19 215 19 202 19 206 The December 31, 2019, inventory included 9 blowers and 22 mowers. Assume the company uses a periodic inventory system Required: 0-1. Compute ending inventory valuation at December 31, 2019. under the FIFO and LIFO cost flow assumption FIFO LIFO Blowers Mowers

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