1. Calculate total inventory value for a product
| SKU | Warehouse | On Hand | Reorder Point | Cost |
| WIDGET-001 | NY | 150 | 50 | 12.5 |
| WIDGET-002 | LA | 75 | 30 | 8.75 |
| GADGET-001 | NY | 200 | 100 | 25 |
=MULTIPLY(C2, E2)Result: 1875
The formula multiplies On Hand (C2: 150 units) by Cost per unit (E2: $12.50) to get the total dollar value of inventory on hand: $1,875. This is essential for valuing warehouse stock and understanding cash tied up in inventory.