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The December 31 inventory for the Jeremy company included five products. The year-end physical count revealed the following:
Physical Inventory Product Quantity
Available
A 26
B 50
C 71
D 75
E 55
Problem 1: The related costs were: A, $10; B, $6; C, $9; D $8; and E, $11 Calculate the total cost of the December 31 physical inventory.
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