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In this tutorial, instructor Richard Rost from accesslearningzone.com explains how to use calculated fields in queries and create a form footer total in a database. He addresses a question from a platinum member, Harold, regarding how to calculate the total value of inventory using the cost and quantity of items. Richard emphasizes the straightforward nature of this task and guides viewers through the process of creating a calculated query field and a form footer total. He begins with a demonstration using a blank database template and mentions that a link to this template will be provided for viewers interested in learning how to set it up themselves.