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: 17 Units @ $18 = $306

Beginning Inventory at LIFO: 17 Units @ $14 = $238

January Transactions	Units	Unit Cost				Total Cost
Purchase, January 9	30	$	16			$	480
Purchase, January 20	51		21				1,071
Sale, January 21 (at $41 per unit)	38
Sale, January 27 (at $42 per unit)	30

Required:

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

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