Question: Current Attempt in Progress Skysong Company uses the LCM method, on an individual - item basis, in pricing its inventory items because it uses LIFO

Current Attempt in Progress
Skysong Company uses the LCM method, on an individual-item basis, in pricing its inventory items because it uses LIFO to value its
inventory. The inventory at December 31,2025, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products
appear below.
Using the LCM rule, determine the proper unit value for balance sheet reporting purposes at December 31,2025, for each of the
inventory items above.
Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
\table[[\table[[Item],[No.]],Quantity,Cost per Unit,\table[[Cost to],[Replace]],Estimated Selling Price,Cost of Completion and Disposal,\table[[Normal],[Profit]]],[1320,1,700,$4.00,$3.75,$5.63,$0.44,$1.56],[1333,1,400,3.38,2.88,4.38,0.63,0.63],[1426,1,300,5.63,4.63,6.25,0.50,1.25],[1437,1,500,4.50,3.88,4.00,0.31,1.13],[1510,1,200,2.81,2.50,4.06,1.00,0.75],[1522,1,000,3.75,3.38,4.75,0.50,0.63],[1573,3,500,2.25,2.00,3.13,0.94,0.63],[1626,1,500,5.88,6.50,7.50,0.63,1.25]]
From the information above, determine the amount of Novak Company inventory.
The amount of Novak Company's inventory $
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 Current Attempt in Progress Skysong Company uses the LCM method, on

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