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The records at the end of January of the current year for Young Company showed...

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Accounting

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 @ $15 = $240

Beginning Inventory at LIFO: 16 Units @ $11 = $176

January Transactions Units Unit Cost Total Cost
Purchase, January 9 27 $ 13 $ 351
Purchase, January 20 53 18 954
Sale, January 21 (at $39 per unit) 39
Sale, January 27 (at $40 per unit) 27

--Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory costing methods.

Show work please

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