Sage 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 Sage, has gathered the following data concerning inventory.

At May $31,2025,$ the balance in Sage's Raw Materials Inventory account was $$461,040.$ 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 Sage'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.

$1.$ Determine the inventory write$-$Down at May $31,2025$

$2.$ For the fiscal year ended May $31,2025,$ prepare the entry to record the inventory write$-$Down, if any, using the loss method