DNAguy,
Welcome to the forum!
In the original formula, it is redundant to have both Sum() and the + symbols, not sure why its like that to begin with. Also, assuming the numerical value in the 3rd column is column J so in this case it would be J4:
=(MAX(COUNTIF(H4:I4,"L")*1,1)*MAX(COUNTIF(H4:I4,"M")*3,1)*MAX(COUNTIF(H4:I4,"H")*5,1))*J4
The reason for the MAX's is so that the formula doesn't result in a 0 because there are no L's. 0 * the rest would result in a 0 regardless of what the rest is. Using Max forces it to be 1 * the rest if there are no L's (or M's or H's).
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