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Default Finding the Max Date In Series

Hello,

I have a series of serial numbers (converted to text), dates and
amounts in column format. The number of serial numbers changes
depending on the date sold. The amount it sold for also changes. for
example

001 1-3-09 $300
001 1-5-07 $250
001 2-3-02 $550
002 4-3-01 $600
002 5-9-05 $300
003 6-9-07 $200

There are numerous serial numbers that repeat numerous times (about
5000 rows of code)

I would like to write a formula that finds the maximum date for the
001 for example and then returns the dollar figure in that row. Is
this a formula or do I need VBA?

Thank you for your time

 
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