there are two questions

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 519-5342 Beginning inventory at LIFO 18 Units 0 515 - $270 Die 26 January Testima Purchas. Jauty 9 Purchase. Jamry 20 Sale. January 21 ( 599 pert) Sale Juny 27 ( 540 pert) Unit Cost 317 22 Total Cont $ 462 1. 100 36 29 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 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 tumover ratio LIFO Inventory turnover ratio Regled Required 2 >