21-24 please

21) Patel Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. i. Goods held on consignment from another company. ii. Goods in transit from a supplier shipped FOB destination. iii. Goods shipped via common carrier to a customer with terms FOB shipping point. iv. Goods shipped on consignment by Patel to another company. 22) The following information was available for Doumbia Company at December 31,2016 : beginning inventory $90,000; ending inventory $70,000; cost of goods sold $968,000; and sales $1,360,000. Doumbia's inventory turnover in 2016 was a. 10.8 times. b. 12.1 times. c. 13.8 times. d. 17.0 times. 23) Martinez Company had beginning inventory of $60,000, ending inventory of $90,000, cost of goods sold of $600,000, and sales of $960,000. Martinez's days in inventory is: a 28.5 days. b. 54.5 days. c. 45.6 days. d. 36.5 days. 24) For the Lugo Company, units of an item available for sale during the year were as follows: \begin{tabular}{rlcr} Nov. 1 & Inventory & 30 units@ $80=$2,400 \\ 8 & Purchase & 120 units@ $83=$9,960 \\ 17 & Purchase & 60 units@ $87=$5,220 \\ 25 & Purchase & 90 units @ $88=$7,920 \\ \cline { 4 } & & 300 units & $25,500 \end{tabular} There are 47 units in the physical inventory at Dec. 31. The periodic inventory system is used. Determine the dollar value of the 47 units of the ending inventory by (a) the FIFO (first-in, first-out) method (b) the LIFO (last-in, first-out) method (c) the Average Cost method