I am trying to create a formula that if a range of cells contains a specific
value AND a range of cells in the next column contains a specific value, then
the corresponding cells in the third column will be summed. What I have is
below. It recognizes the formula as long as all the cells in the range of the
first two columns contain the respective specific values. Can anyone suggest
a corrected formula, so the values in the cell ranges can vary? Thanks!

=(IF((AND(A2:A500="Value 1",B2:B500="Value 2")),SUM(C2:C500)))