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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: January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 2e August 15 September 20 November 7 Blowers Mowers 22@$191 47@ 198 36@ 188 16@ 185 18@$212 46@ 213 44@ 222 59@ 235 17@ 213 18@ 212 21@ 191 The December 31, 2019, inventory included 10 blowers and 26 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 assumptions. FIFO L IFO Mowers

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