Question: Question 2 Fuque Ltd . uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a

Question 2
Fuque Ltd. uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October 2022.
a. Using the conventional retail method, prepare a schedule computing estimated LCNRV inventory for October 31,2022.
b. Compute the estimated inventory for October 31,2022 using cost method.
Question 2 Fuque Ltd. uses the retail inventory method to estimate

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