The records at the end of January of the current year for Young Company showed the following for a particular kind of merchandis- Beginning Inventory at FIFO: 14 Units @ $16 - $224 Beginning Inventory at LIFO: 14 Units @ $12 = $168 January Transactions Purchase, January 9 Purchase, January 201 Sale, January 21 (at $41 per unit) Sale, January 27 (at $42 per unit) Required: Unit Units Cost Total Cost 26 2532 36 27 $14 $ 364 19 988 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 costing methods. (Do not round intermediate calculations and round your final answers to 2 decimal places.) FIFO Inventory turnover ratio LIFO Inventory turnover ratio Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which costing method is the more accurate indicator of the efficiency of inventory management? Which costing method is the more accurate indicator of the efficiency of inventory management? < Required 1