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Seinfeld Distributors have provided the following dashboard comparing the amount of cost of goods sold under both FIFO and LIFO hethods for year 2 .

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Seinfeld Distributors have provided the following dashboard comparing the amount of cost of goods sold under both FIFO and LIFO hethods for year 2 . In addition they have provided comparative ending inventory balances for year one and year two under both nethods as well: Required: 1. Compute the inventory tumover ratio for the month of January under the FiFO and LiFO inventory costing methods. Note: Do not round intermediate calculations and round your final answers to two decimal places

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