At May 31, 2020, the balance in Nashs Raw Materials Inventory account was $473,280, and Allowance to Reduce Inventory to NRV had a credit balance of $27,490. Alcide summarized the relevant inventory cost and market data at May 31, 2020, in the schedule below. Alcide assigned Patricia Devereaux, an intern from a local college, the task of calculating the amount that should appear on Nashs May 31, 2020, 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.

		Cost		Sales Price		Net Realizable Value
Aluminum siding		$81,200		$74,240		$64,960
Cedar shake siding		99,760		109,040		98,368
Louvered glass doors		129,920		216,224		195,228
Thermal windows		162,400		179,568		162,400
Total		$473,280		$579,072		$520,956

(a)

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Determine the proper balance in Allowance to Reduce Inventory to NRV at May 31, 2020.

Balance in the Allowance to Reduce Inventory to NRV