value 0.52 points 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: 16 Units@ $17-$272 Beginning Inventory at LIFO: 16 Units$13 $208 Unit Transactions Units Cost 29 52 36 26 Total Cost S 435 1,040 $15 20 Purchase, January 9 Purchase, January 20 Sale, January 21 (at $42 per unit) Sale, January 27 (at $43 per unit) 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.) FIFO Inventory turnover ratio LIFO Inventory turnover ratio