Marigold 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 Marigold, has gathered the following data concerning inventory.

At May $31,2025,$ the balance in Marigold's Raw Materials Inventory account was $$505,920.$ 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 Marigold'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

$

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List of Accounts

Attempts: $0$ of $5$ used

$($b$)$

For the fiscal year ended May $31,2025,$ prepare the entry to record the inventory write$-$down, 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 occount titles and enter $0$ for the amounts.$)$