Use the above information to compute Inventory turnover for Year $3$ and Year $2,$ and Its days' sales in Inventory at Required Information

$[$The following information applles to the questions displayed below.$]$

A company reports the following beginning inventory and two purchases for the month of January.

On January $26,$ the company sells $310$ units. Ending Inventory at January $31$ totals $130$ units.

Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are

assigned based on the LIFO method.

December $31,$ Year $3$ and Year $2.$ From Year $2$ to Year $3,$ did Palmer Improve Its

$($a$)$ Inventory turnover and

$($b$)$ days' sales in Inventory?

Use the above information to compute inventory turnover for Year $3,$ and its days' sales in inventory at December $31,$ Year $3.$