Question

Enter a formula in cell E2 using SUMIFS to calculate the total price (use the named range JunePrices) where the value in the JunePOs named range is equal to the value in cell D1 and the value in the JuneCompanies named range is equal to "Salon Supplies".

Answer 1

The formula to calculate the total price using SUMIFS in cell E2 would be:

`=SUMIFS(JunePrices, JunePOs, D1, JuneCompanies, "Salon Supplies")`

Explanation:

The formula `=SUMIFS(JunePrices, JunePOs, D1, JuneCompanies, "Salon Supplies")` employs the SUMIFS function in Excel to calculate the total price. Here's how it works:

The `SUMIFS` function is designed to sum a range of cells that meet multiple criteria. In this case, the criteria are defined as follows:

1. `JunePrices`: This named range contains the prices corresponding to different purchase orders and companies in June.

2. `JunePOs`: It represents the named range of purchase orders in June.

3. `D1`: Refers to the cell containing a specific value. The formula will look for matches between this value and the values in the `JunePOs` range.

4. `JuneCompanies`: This named range holds the different companies involved in June transactions.

5. `"Salon Supplies"`: This criterion specifies that only transactions involving "Salon Supplies" as the company will be considered.

By utilizing these criteria within the `SUMIFS` function, Excel will sum up all the prices from the `JunePrices` range where the conditions specified by `JunePOs = D1` (value in cell D1) and `JuneCompanies = "Salon Supplies"` are met. The formula effectively filters and computes the total price for purchase orders associated with the "Salon Supplies" company, as outlined in the question's requirements.

Answer 2

The formula for cell E2 using SUMIFS is =SUMIFS(JunePrices, JunePOs, D1, JuneCompanies, "Salon Supplies") to calculate the total price for the specified conditions.

Step-by-step explanation:

To calculate the total price using the SUMIFS function in Excel, you need to specify the criteria based on which you want to sum up values. In this case, we have two conditions: first, the value in the JunePOs named range should be equal to the value in cell D1, and second, the value in the JuneCompanies named range should equal to "Salon Supplies".

The formula to enter in cell E2 would be as follows:

=SUMIFS(JunePrices, JunePOs, D1, JuneCompanies, "Salon Supplies")

This formula will sum all the values from the JunePrices range where the corresponding values in the JunePOs range match the value in D1 and where the corresponding values in the JuneCompanies range match "Salon Supplies".