Yep, there are a bunch of functions that do what you need. I only use them occasionally so I can't just whip it out, but excel has a few functions LOOKUP and VLOOKUP and similar that treat the one table as a database, and you can search it, find the line with the same item code, and return the information a few cells over.
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=excel lookup
There are surely some youtube videos as well, the functions are a little confusing at first so a text description can still leave you scratching your head.