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Default Problem with Pick List associated cell

Can anybody help me with this issue. I am trying to select an item from a pick list and be able to automatically copy the adjacent cell value to another cell.


Example:

This is the pick list

PAPER HOLDER - LEVEL I (CHROME) $2.80
TOWEL BAR - 24" LEVEL I (CHROME) $2.80
TOWEL BAR - 18" LEVEL I (CHROME) $2.80


Once I choose the item to fill in another cell location, I want the adjacent price to automatically fill in another cell location as well.

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