Steven Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
| 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.