Data in Cells A1:C10

	A	B	C
1	Parts	Quantity	Price
2	A880Q	345	15.00
3	B901V	205	12.00
4	C666R	257	13.00
5	A880Q	413	18.00
6	C666R	413	18.00
7	A880Q	517	20.00
8	B901V	621	22.00
9	C666R	673	23.00
10	A880Q	725	24.00

Part # in cell E2:   A880Q

Formula in cell F2:{=SUM(IF(Parts=E2,Price*Quantity,0))}

Result:               40,349

List of Define Names
Parts	=Sheet1!$A$2:$A$10
Price	=Sheet1!$C$2:$C$10
Quantity	=Sheet1!$B$2:$B$10

Please note:
The formula is an Array Formula, after entering the formula in the cell, press F2 and than press Ctrl+Shift+Enter.

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