*Problem 9-2 (Part Level Submission) Stellar 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, 2017. Jim Alcide, controller for Stellar, has gathered the following data concerning inventory At May 31, 2017, the balance in Stellar's Raw Materials Inventory account was $432,480, and Allowance to Reduce Inventory to NRV had a credit balance of $27,630. Alcide summarized the relevant inventory cost and market data at May 31, 2017, in the schedule below Alcide assigned Patricia Devereaux, an intern from a local college, the task of calculating the amount that should appear on Stellar's May 31, 2017, 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 Aluminum siding Cedar shake siding Louvered glass doors Thermal windows Sales Price $67,840 99,640 197,584 164,088 $432,480 $529,152 Cost $74,200 91,160 118,720 148,400 Net Realizable Value $59,360 89,888 178,398 148,400 $476,046 Determine the proper balance in Allowance to Reduce Inventory to NRV at May 31, 2017. Balance in the Allowance to Reduce Inventory to NRV Attempts: 0 of 15 used The parts of this question must be completed in order. This part will be available when you complete the part above