9-6 Retail inventory method; average cost and conventional LO9-3, LO9-4 iparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows: The company records sales net of employee discounts. Employee discounts for 2024 totaled $4,000. equired: istimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the following applications: 1. Average cost 2. Conventional