Exercise 9-16 (Algo) Conventional retail method; normal spoilage [LO9-3, LO9-4] Almaden Valley Variety Store uses the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available: Required: Complete the table below to estimate the ending inventory and cost of goods sold, applying the conventional retail method using the information provided. Note: 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. Required: Complete the table below to estimate the ending inventory and cost of goods sold, applying the conventional retail method using the information provided. Note: 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