populating a cell from a value chosen in another

[mtec]

Hi,
I’m wondering if anybody would be able to help me out.
I have a takeoff sheet with drop down boxes to select an item from a from a parts list, that is located on the next sheet.
When an item is selected from the drop down box on the take off sheet I would like the next cell to be populated with its corresponding price from the parts list.
I've attached a file show what i'm trying explain.
Any Information would be much appreciated