View previ 4 Simple Plan Enterprises uses a periodic inventory system. Its records showed the following Inventory, December 31, using FIFO 38 Units@$14-$532 Inventory, December 31, using LIFO 38 Units @ $10 $380 Unit nts in the Following Year st Purchase, January 9 Purchase, January 20 15 $ 758 16 1,660 5e 100 80 56 015250 Sale, January il ( 8 per unt) eBook Print Required: eferences 1. 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 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