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In this tutorial, the creator demonstrates how to integrate formulas with Google Forms data. They begin by creating a new Google Form titled "Purchase Order," adding a dropdown for item selection and a required short answer field for quantity specified as a number greater than zero. After setting up the form, they attach it to a new Google Sheets spreadsheet by selecting the spreadsheet icon under responses. The video suggests that users can then input formulas on the right side of the spreadsheet to analyze or manipulate the data as new items are submitted through the form.