Formula for SUM by the category

Unfortunately couldn't find the solution here.
I'm just looking for a formula that will allow me to count total sum by the category of a product.
Basically, I have two columns: first is the Dropdown list with the category of a product, and second one is the Text/number column with the bid amount. What I need is a total sum based on each category. Is there a formula or some other way to solve this problem? I really appreciate any help. Thank you in advance!
Comments
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Have you tried the sumifs function? you would need 1 for each category.
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I also used the SUMIF or SUMIFS function for this issue. Be aware that the syntax for these two formulas are different.
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I apologize in advance if I miss some obvious things, I'm very new to smartsheet. It just that I logically can't really understand how I build the formula when I have a product name in one column and bid in another column, taking into account that bid number is always different. Using SUMIF I see how I can do it for each product separately if it always would have the same bid amount. I'm probably just missing something. I really appreciate your help and patience!
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Hi! Thanks for the hint, I'm not sure how can I properly built such formula in my case, I gave more details in my reply to the first comment. Thanks a lot for your help!
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How about something along these lines:
=SUMIFS([Bid Number]$1:[Bid Number]$10, [Product Name]$1:[Product Name]$10, [Product Name]13)
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This is exactly what I'm looking for! Can't express how thankful I am. You are the best, thank you one more time.
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