1426 1.40 Problem 1: LCNRV Anderson Company values inventory using LCNRV, on an individual-item basis. Item No. Quantity Cost per Unit Estimated Selling Price Cost to Complete and Sell 1320 1,200 $3.20 $4.50 $1.60 1333 900 2.70 3.40 1.00 800 4.50 5.00 1,000 3.60 3.20 1.35 1510 3.25 1.40 1522 500 3.90 0.80 3,000 1.80 2.50 1.20 1626 1,000 4.70 6.00 1.50 Instructions From the information above, determine the amount of Anderson Company inventory. 1437 700 2.25 3.00 1573