Please show work. Mower-Blower Sales Co. started business on January 20, 2019. Products sold...
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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 18 @ $ 195 44 @ 191 36@ 188 22@ 190 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 18 @ $200 37 @ 219 41 @ 217 59 @ 227 19 @ 219 18 @ 200 24@ 195 The December 31, 2019, inventory included 7 blowers and 24 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 $ 1,365 $ 1,365 Mowers
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