The wire that I got for this project was a type 12-2. It is the right wire for home wiring and for my needs in my shed. Make sure that the wire is inside the conduit before you start the installation.
I became aware that it is against electrical codes to use sheathed cable inside a conduit. Therefore you need to pull three unsheathed wires inside the conduit with a fish tape.
Black wire for the "hot" or "live wire"
White wire for the neutral
Green or uninsulated wire for ground