The following information relates to the inventories on hand at 30 June 2020 held by Canberra Ltd.

Item no.

Quantity

Cost per unit $

Cost to replace $

Estimated selling price $

Cost of completion and disposal $

A1458	593	2.30	2.59	3.92	0.54
A1965	739	3.20	3.33	3.30	0.59
B6730	784	7.37	6.81	11.00	0.9
D0943	101	1.28	1.15	1.00	0.11
G8123	147	3.48	3.78	5.70	0.68
W2167	1,528	5.65	5.63	7.36	0.33

Calculate the value of inventories on hand at 30 June 2020. (Enter your answer to the nearest cent.)

Total inventories on hand at 30 June 2020

$