Steven Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
Steven Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
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| Item No. | Quantity | Cost per Unit | Estimated Selling Price | Cost to Complete and Sell |
| 1320 | 1,300 | $3.74 | $5.27 | $1.87 |
| 1333 | 1,000 | 3.16 | 3.98 | 1.17 |
| 1426 | 900 | 5.27 | 5.85 | 1.64 |
| 1437 | 1,100 | 4.21 | 3.74 | 1.58 |
| 1510 | 800 | 2.63 | 3.80 | 1.64 |
| 1522 | 600 | 3.51 | 4.56 | 0.94 |
| 1573 | 3,100 | 2.11 | 2.93 | 1.40 |
| 1626 | 1,100 | 5.50 | 7.02 | 1.76 |
From the information above, determine the amount of Steven Company inventory.
Can you please attach the answer with your workings. Thanks.
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