Challenge38_Cowabunga_Inventory.xlsx (17.0 KB)
This challenge was great to help me brush up on the SUMIF Function. I discovered that Cowabunga did not count Inventory #42-0047-1457, The Sundrift, which was the main reason why inventory was understated and sales were overstated.
The SUMIF Function I used to determine if inventory was overcounted was the following:
=IF(D2=C2,0,IF(D2<C2,0,D2-C2))
The SUMIF Function I used to determine if inventory was undercounted was the following:
=IF(D2=C2,0,IF(D2>C2,0,C2-D2))
In the end, inventory was overcounted by 14 and undercounted by 17, leading inventory to be understated by 3 overall.
Here is the adjusting entry I made to correct the accounts:
0203_Luedtke_38ExcelChallenge.xlsx (25.3 KB)
Challenge38_Cowabunga_Inventory.xlsx (18.1 KB)
This challenge helped me remember how to use the xlookup function, and learning how to use the subtotal feature was helpful too!
This challenge was a great refresher on using the IF function, including a nested IF. I used an xlookup to compare the audit and cowabunga count, then used if statements to determine over or understatement of inventory.
This was a great challenge to learn/refresh xlookup and the subtotal function. Thank you! Here is my solution. Challenge38_Cowabunga_Inventory (Abigail Smith).xlsx (19.5 KB)
Challenge38_Cowabunga_Inventory.xlsx (17.5 KB)
I havenβt quite learned some of these techniques so Iβm sure I did it the long way. Great problem.
I used vlookup instead of the xlookup shown in the solution, just more used to that one
This was a fun activity! Thanks Alex! Cowabungaaa
0403_Davis_Cowabunga_Inventory.xlsx (17.4 KB)
My journal entry. Submission for Professor Summerβs class.
I used a slightly simplified version of the over/understatement, but still got the same journal entry!
Challenge38_Cowabunga_Inventory.xlsx (16.3 KB)
This was a fun one! After sorting and filtering the inventory, I utilized XLOOKUP and nested if functions to arrive at a solution for this practice problem.
Took me MUCH longer than I would have liked. I definitely need to put in a little more work this semester!