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Exercise 9-14 (Algo) Conventional retail method [LO9-3] Campbell Corporation uses the retail method to value its inventory. The following information is avallable for the year

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Exercise 9-14 (Algo) Conventional retail method [LO9-3] Campbell Corporation uses the retail method to value its inventory. The following information is avallable for the year 2021 : Required: Determine the December 31, 2021, inventory by applying the conventional retall method using the information provided. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%,). Enter amounts to be deducted with a minus sign.)

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