Waterway 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 and Sell

1320 1,500 $3.81 $5.36 $1.90

1333 1,200 3.21 4.05 1.19

1426 1,100 5.36 5.95 1.67

1437 1,300 4.28 3.81 1.61

1510 1,000 2.68 3.87 1.67

1522 800 3.57 4.64 0.95

1573 3,300 2.14 2.98 1.43

1626 1,300 5.59 7.14 1.79

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

The amount of Waterway Company's inventory

$enter The amount of Waterway Company's inventory in dollars