You could alter your SELECT statement to explicitly name the columns you want in your result set (instead of *) and include a calculated column which you would specify something like this:
SELECT order.item_name, order.quantity, item.price, order.quantity*item.price AS value
FROM fb.order
LEFT JOIN item on
order.item_name = item.item_name
WHERE fb.order.order_status = 'Served' and tab_name='A'
(But then in PHP you would need to accumulate the value for each row in a variable to get your total value.)
BTW maybe it's not a good idea to name your table 'order' because it is a MySQL reserved word.