Novak 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		$4.00		$5.63		$2.00
1333		1,000		3.38		4.25		1.25
1426		900		5.63		6.25		1.75
1437		1,100		4.50		4.00		1.69
1510		800		2.81		4.06		1.75
1522		600		3.75		4.88		1.00
1573		3,100		2.25		3.13		1.50
1626		1,100		5.88		7.50		1.88

From the information above, determine the amount of Novak Company inventory.

The amount of Novak Companys inventory

$