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This video tutorial demonstrates how to use the SUMIFS function in Excel to find the conditional sum of values based on multiple criteria. The SUMIFS formula requires the sum range, criteria range, and criteria. Criteria can be in the form of text, number, date, logical expression, or cell reference. In example one, the tutorial shows how to sum the salary of managers earning $3000 or more. The first three arguments of the SUMIFS formula are mandatory, with additional criteria and ranges being optional.