Information Technology IT – 8 Spreadsheets | e-Consult
8 Spreadsheets (1 questions)
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To calculate the total value of inventory for each product, I would use the SUMPRODUCT function. This function allows you to sum the products of arrays. In this case, we need to multiply the Quantity in Stock by the Unit Price for each product and then sum these individual values.
The formula would be: =SUMPRODUCT(Quantity in Stock, Unit Price)
To apply this to the entire inventory table, I would enter this formula into a new column (e.g., 'Total Value') and then use the autofill feature (by dragging the small square at the bottom-right corner of the cell) to copy the formula down to all rows in the table. The spreadsheet software will automatically adjust the cell references to calculate the total value for each product.