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: $18$ Units @ $$15=$ $$270$

Beginning Inventory at LIFO: $18$ Units @ $$11=$ $$198$

January Transactions Units Unit Cost Total Cost

Purchase, January $928$ $$13$ $ $364$

Purchase, January $205118918$

Sale, January $21($at $$38$ per unit$)40$

Sale, January $27($at $$39$ per unit$)28$

Required:

Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory costing methods.

Which costing method is the more accurate indicator of the efficiency of inventory management?