Creating a parts group and pricing them all at once

I am looking to see if it is possible to create a group to categorize multiple different part numbers and attached a single price to the entire group. I would also like to be able to update the price of that created group, so that the price of all parts within that group change at once. Is this possible so that when creating a new invoice, and entering the part number in the item box, the price given to the whole group of parts will be filled in. 




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