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Default Cost Coding? How in the.....?

I work for a computer retailer and we track our product costs and markup
using excel. I need to find a way to convert the numeric value of our cost to
text using a cost-code. Our code is SOUTH PLACE, with each letter of the code
having a corresponding value 1-0. For example, something costing $129.95
would be coded as SOCCH.

As it is, I have to type the cost code for hundereds of products manually
nearly twice a month. If anyone could point me in the right direction, I'd
REALLY appreciate it.
 
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