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 FIFO: 16 Units$17 $272 Beginning Inventory at LIFO: 16 Units@$13 $208 Unit Units Cost 28 53 37 29 Total Cost S 420 1,060 Purchase, January 9 Purchase, January 20 Sale, January 21 (at $40 per S15 20 Sale, January 27 (at $41 per unit) Required: 1. Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory costing methods. (Do not round intermediate calculations and round your final answers to 2 decimal places.) FIFO Inventory turnover ratio LIFO Inventory turnover ratio 2. Which costing method is the more accurate indicator of the efficiency of inventory management? FIFO LIFO No accuracy difference