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: 14 Units @ $20 = $280

Beginning Inventory at LIFO: 14 Units @ $16 = $224

Transactions	Units	Unit Cost				Total Cost
Purchase, January 9	30	$	18			$	540
Purchase, January 20	54		23				1,242
Sale, January 21 (at $42 per unit)	40
Sale, January 27 (at $43 per unit)	29

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.)

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

	FIFO
	LIFO
	No accuracy difference