Excel Lesson 5 Overview: Watch The Video

Excel Lesson 5overview Watch The Excel Lesson 5 Video Using The L5 T

Complete the worksheet using the instructions below, saving it as “firstName_lastName_L5_Titan_Inventory_Summary”. Then, complete the Lesson 5 Quiz using the completed worksheet and upload the file to the Lesson 5 Excel Submission Link.

Objectives include duplicating spreadsheets, consolidating data using 3-D referencing, and highlighting data using conditional formatting.

Background: You will be preparing a Summary Inventory worksheet for Titan Off-Campus Shops based on product inventories of individual stores from the provided workbook. The workbook contains inventory sheets for individual stores, which should remain unchanged, and a Focused Products Inventory sheet for one of the stores, which you will modify.

Open the file and follow these steps: Save the workbook with your name, create three additional Focused Products worksheets for the Placentia, Harbor, and Summary, by copying the “Focused Products – Chapman” worksheet. Replace the store names in the subtitles and worksheet tabs accordingly, and reorder the sheets. Update inventory quantities on the Harbor and Placentia sheets with specified values. On the Summary sheet, replace the Sweatshirts-Standard quantity with a 3-D reference summing the corresponding quantities across the three Focused Products sheets, and copy this formula down through the relevant cells. Apply conditional formatting to the Quantity column on the Summary sheet to highlight quantities below 10 in red background and red font. Save your work as instructed, complete the quiz, and upload the file.

Sample Paper For Above instruction

Title: Excel Lesson 5 Overview: Consolidating Inventory Data and Applying Conditional Formatting

Microsoft Excel is an essential tool for data management, analysis, and visualization in various sectors, including retail inventory management. Lesson 5 emphasizes core skills such as worksheet duplication, data consolidation via 3-D referencing, and data highlighting through conditional formatting—competencies crucial for efficient data handling in business settings.

This lesson employs a workbook designed for managing and summarizing inventory across multiple stores of Titan Off-Campus Shops. The primary goal is to create an organized, accurately calculated summary sheet that consolidates individual store inventories, facilitating quick insights and decision-making. The exercise begins by creating duplicates of an existing focused product worksheet, modifying these copies to reflect different store locations—Placentia and Harbor—and rearranging the worksheet order to position the summary first. This setup reflects typical business practices where summary data is prioritized for review.

The next step involves updating inventory quantities on the newly created store-specific worksheets with provided figures, which simulate recent inventory counts. This task helps reinforce the skills of editing cell values while preserving formulas and formatting structures. Subsequently, the pivotal function in this lesson involves constructing a 3-D reference formula on the summary sheet to sum related inventory quantities from multiple worksheets. This consolidative approach allows for dynamic updating; changes in individual store sheets automatically reflect in the summary, exemplifying the power and efficiency of 3-D referencing in Excel.

To enhance data clarity and facilitate inventory monitoring, the lesson guides applying conditional formatting to highlight low inventory levels—specifically, quantities falling below 10. This visual cue expedites the identification of stock shortages, enabling prompt business intervention. Implementing conditional formatting demonstrates mastery in Excel’s visual data analysis tools, integrating data management with intuitive presentation.

The learning objectives extend beyond mere technical steps, emphasizing understanding the purpose of data consolidation and visualization. By the conclusion of this exercise, students should be able to create multi-sheet summaries, employ 3-D references for dynamic calculations, and utilize conditional formatting for effective data visualization—skills highly valuable in real-world business analysis and reporting.

In sum, Lesson 5 encapsulates fundamental Excel competencies critical for managing complex datasets efficiently. The practical application on inventory sheets underscores Excel’s role in business intelligence, demonstrating how well-structured, dynamic, and visually enhanced spreadsheets enable smarter decision-making processes.

References

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• Microsoft Support. (2021). Create and manage formulas. Microsoft Office Support.
• Excel Easy. (2022). Excel Conditional Formatting. https://www.excel-easy.com/examples/conditional-formatting.html
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• TechOnTheNet. (2020). Excel 3-D Reference. https://www.techonthenet.com/excel/formulas/3d_reference.php
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