Windsor Hurricane Helper Company installs three tyes of hurricane shutters (standard, accordian, and roll top) for single family homes and condominium complexes along the Lousiana coast. The company is in the process of preparing its annual financial state ments for the fiscal year ended March 31, 2017, and the controller for Windsor has gathered the following data concerning inventory At March 31, 2017, the balance in Windsor's Finished Goods Inventory account was $ 786,900, and the Allowance to Reduce Inventory to NRV had a credit balance of $ 30,450. The relevant inventory cost and market data at March 31, 2017, is summarized in the schedule below The controller assigned an intern from a local university the task of calculating the amount that should appear on Windsor's March 31. 2017. financial statements for inventory under the LCNRV rule as applied to each itern in inventory. The intern was not comfortable with the departure from the cost principle. Cost Sales Price Net Realizable Value Normal Profit Replacement Cost $ 185,440 Standard $ 220,820 $ 192,760 $ 184,220 $ 18,300 Accordian 309,880 304756 335,500 320.250 33,916 Roll top 256,200 261,080 264.008 251,320 23,424 Total $786.900 $751.276 $ 792,268 $ 755,790 $ 75,640 * Your answer is incorrect. Determine the proper balance in the Allowance to Reduce Inventory to Market at March 31, 2017 $ 41,480 Balance in the Allowance to Reduce Inventory to Market