Cullumber 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 $31,$

Jim Alcide, controller for Cullumber, has gathered the following data concerning inventory.

At May $31,2025,$ the balance in Cullumber's Raw Materials Inventory account was $$412,080.$ 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

Cullumber'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.

$($a$)$

Determine the inventory write$-$down, if any, at May $31,2025.$

Inventory loss $

eTextbook and Media

List of Accounts