Simple Plan Enterprises uses a periodic inventory system. Its records showed the following:

Inventory, December 31, using FIFO 44 Units @ $19 = $836

Inventory, December 31, using LIFO 44 Units @ $15 = $660

Transactions in the Following Year	Units			Unit Cost			Total Cost
Purchase, January 9		56		$	20			1,120
Purchase, January 20		106			21			2,226
Sale, January 11, (at $43 per unit)		86
Sale, January 27 (at $44 per unit)		62

Required:
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. (Round your answers to 2 decimal places.)