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preparing its annual financial statements for the fiscal year ended May 31, 2017. 3m Alcide, controller for Headland, has gathered the At May 31, 2017, the balance in Headland's Raw following data concerning inventory Materials Inventory account was $477 i 360, and Allowance to Reduce Inventory to NRV had a credit balance of $27,670. Alcide summarized inventory cost and Alcide assigned Patricia LCNRV rule as applied to each item in inventory. Devereaux expressed c a local college, the task of caloulating the amount that should appear on Hesdiand's May 31, 2017, Ainancial statements for concern over departing from the historical cost prindiple. $81,900 100,620 131,040 163,800 $477,360 $584.064 $74,880 109,980 218,088 $65,520 9,216 Cedar shake siding Louvered glass doors Thermal windows 163,800 $525,447 Total Determine the proper balance in Allowance to Reduce inventory to MRV at May , 2012 Balance in the Alowance to Reduce Inventory to NRV Click if you would tike to Show Work for this question: Open Show Work 17764