Applying the lower of cost and NRV rule   LO7 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 6002.30 2.41 3.75 0.49 A1965 8153.403.26 3.500.55 B6730 749 7.347.35 10.000.95 D0943 981.231.141.00 0.12 G8123 1563.563.565.700.67 W2167 14926.126.157.660.36 Required Calculate the value of inventories on hand at 30 June 2020.