E6-3B. Year-End Year-End Physical Inventory The December 31 inventory for the Simpson Company included five...

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E6-3B. Year-End Year-End Physical Inventory The December 31 inventory for the Simpson Company included five products. The year-end physical count revealed the following quantities on hand: LO1 Product Quantity Available The related unit costs were: K, $7; L, $10; M, $9; N, $5; and P, $7

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