Transactions in the Following Year Purchase, January 9 Purchase, January 20 Sale, January 11 (at $38 per unit) Sale, January 27 (at $39 per unit) Required: Required 1 Required 2 pute the number and cost of goods available for sale, the cost of ending inventory, and the cost of goods sold under FIFO and 2 Compute the inventory turnover ratio under the FIFO and LIFO inventory costing methods. 3. Does the inventory method used make a significant difference in the inventory turnover ratio? Complete this question by entering your answers in the tabs below. Required 3 Units 50 100 80 56 Number of Goods Available for Sale (Units) Cost of Goods Available for Sale Cost of Ending Inventory Cost of Goods Sold Unit Cost 15 16 FIFO Compute the number and cost of goods available for sale, the cost of ending inventory, and the cost of goods sold under FIFO and LIFO. Total Cost $ 750 1,600 LIFO ---

the the number and cost of goods available for sale. the cost of ending inventory, and the cost of goods sold under FIFO and Atory tumover ratio under the FFO and LIFO inventory costing methods: thod used make a significant difference in the inventory furnover ratio? Compute the number and cost of goods available for sale, the cost of ending inventory, and the cost of goods sold under FIFO and tFF