At May 31, 2014 in XYZ raw inventory account was $408,000. The allowance to reduce inventory to market had a credit balance of $27,500.

They summarized the relevant inventory cost and market data at 5/31/14 in the schedule below.

		Cost	Replacement Cost	Sales Price	Net Realizable Value	Normal Profit
Aluminum siding		$70,000	$62,500	$64,000	$56,000	$5,100
Cedar shake siding		86,000	79,400	94,000	84,800	7,400
Louvered glass doors		112,000	124,000	186,400	168,300	18,500
Thermal windows		140,000	126,000	154,800	140,000	15,400
Total		$408,000	$391,900	$499,200	$449,100	$46,400

Determine the proper balance in the allowance to reduce inventory to market 5/31/14.

	Cost	Replacement Cost	NRV (Ceiling)	NRV less normal profit (Floor)	LCM
Aluminum siding	Amount	Amount	Amount	Amount	Amount
Cedar shake siding	Amount	Amount	Amount	Amount	Amount
Louvered glass doors	Amount	Amount	Amount	Amount	Amount
Thermal windows	Amount	Amount	Amount	Amount	Amount
Totals	Formula	Formula	Formula	Formula	Formula
	Inventory cost			Amount
	LCM valuation			Amount
	Allowance at May 31, 2014			Formula