O Bered information E7 Alpe Analyzing and interpreting the Financial Statementets of Low FFO LOY2.3 ECD 11 E77 Part 2 2 w R T Y O S O 3 K x C B M + 1 en Command Check my work 7 E7-15 (Algo) Analyzing and interpreting the Effects of the LIFO/FIFO Choice on Inventory Turnover Ratio LO7-5, 7-6 125 Donna The records at the end of January of the current year for Young Company showed the following for a particular kind of merchandise Beginning inventory at FO 16 Units o $15$240 Beginning inventory at LIFO: 16 Units S15176 loc that Cont 313 Purchase, January urbase, Jay 30 sele. Jury 21 (at $43 per unit) Juary 27 as per unit) 0 Unit 21 33 38 20 total 5331 954 rences Required 1. Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory coating methods 2. Which costing method is the more accurate indicator of the efficiency of inventory management? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory coating method. Oo not round Intermediate calculations and round your final answers to 2 decimal places FIFO invertory over ratio UFO by humor to O Bered information E7 Alpe Analyzing and interpreting the Financial Statementets of Low FFO LOY2.3 ECD 11 E77 Part 2 2 w R T Y O S O 3 K x C B M + 1 en Command Check my work 7 E7-15 (Algo) Analyzing and interpreting the Effects of the LIFO/FIFO Choice on Inventory Turnover Ratio LO7-5, 7-6 125 Donna The records at the end of January of the current year for Young Company showed the following for a particular kind of merchandise Beginning inventory at FO 16 Units o $15$240 Beginning inventory at LIFO: 16 Units S15176 loc that Cont 313 Purchase, January urbase, Jay 30 sele. Jury 21 (at $43 per unit) Juary 27 as per unit) 0 Unit 21 33 38 20 total 5331 954 rences Required 1. Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory coating methods 2. Which costing method is the more accurate indicator of the efficiency of inventory management? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory coating method. Oo not round Intermediate calculations and round your final answers to 2 decimal places FIFO invertory over ratio UFO by humor to