Simple Plan Enterprises uses a periodic inventory system. Its records showed the following: Inventory. December 31 , using FIFO 52 Units @$21=$1,092 Inventory, December 31 , using L.FO 52 Units $17=$884 Required: 1. Compute the number and cost of goods avallable 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. Compute the number and cost of goods avaliable for sale, the cost of ending inventory, and the cost of goods sold under FiF and LIFO. Compute the inventory turnover ratio under the FIFO and LIFO inventory costing methods. (Round your answers to 2 decimal places.)