$3$ Garcia Home Improvement Company installs replacement siding, windows, and louvered glass doors for single$-$family homes and condominium complexes. The company is in the process of preparing its annual financial statements for the fiscal year ended May $31,2025.$ Jim Alcide, controller for Garcia, has gathered the following data concerning inventory.

At May $31,2025,$ the balance in Garcia's Raw Materials Inventory account was $$408,000.$ Alcide summarized the relevant inventory cost and market data at May $31,2025,$ in the schedule below.

Alcide assigned Patricia Devereaux, an intern from a local college, the task of calculating the amount that should appear on Garcia's May $31,2025,$ financial statements for inventory under the LCNRV rule as applied to each item in inventory. Devereaux expressed concern over departing from the historical cost principle.