sweet home improvement improvement compnay 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 Sweet, has gathered the following data concerning inventory.

At May $31,2025,$ the balance in Sweet's Raw Materials Inventory account was $$477,360.$ 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 Sweet's

May $31,2025,$ financial statements for inventory under the lower$-$of$-$cost$-$or$-$market rule as applied to each item in inventory.

Devereaux expressed concern over departing from the historical cost principle. Consider the following expanded data at May $31,$

Assume Sweet uses LIFO inventory costing.

$($a$1)$ Determine the write$-$down, if any, to reduce inventory to market at May $31,2025.$

Inventory loss $

$($a$2)$ For the fiscal year ended May $31,2025,$ prepare the entry to record the decline in inventory to market, 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 account titles and enter $0$ for the amounts.$)$