Return the lowest price and supplier

[Xhelp]

Hi!
I'm a newbie to "advanced" excell formulas and I need som help with a small problem. I am working with two worksheets, one containing a list of items (sheet1) and one containing prices on items from different suppliers (sheet2). I am trying to get excell to return the lowest price and supplisers name from sheet2 for the spesific item to sheet1. Can anyone help?

Attached pictures will give you a hint on what I am trying to do.