Bridgeport 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 Bridgeport, has gathered the following data concerning inventory. At May 31, 2025, the balance in Bridgeport's Raw Materials Inventory account was $440,640. 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 Bridgeport's May 31, 2025, financial statements for inventory under the lower-of-cost-or-market rule as applied to each item in inventory. Devereaux expressed concern over departing from the historical cost principle. Consider the following expanded data at May 31, 2025. Assume Bridgeport uses LIFO inventory costing. Replacement Net Realizable Normal Cost Cost Sales Price Value Profit Aluminum siding $75,600 $67,500 $69,120 $60,480 $5,508 Cedar shake siding 92.880 85,752 101,520 91,584 7,992 Louvered glass doors 120,960 133,920 201,312 181,764 19,980 Thermal windows 151,200 136,080 167,184 151,200 16,632 Total $440,640 $423,252 $539,136 $485,028 $50,112 (a1) Determine the write-down, if any, to reduce inventory to market at May 31, 2025. Inventory loss $ (a2) For the fiscal year ended May 31, 2025, prepare the entry to record the decline in inventory to market, if any, using the loss method. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation May 31 Debit Credit