Yogi Anand, D.Eng, P.E. Google Spreadsheet Post #632 Jul 16, 2012 www.energyefficientbuild.com.
user tranqui said:(http://productforums.google.com/forum/#!category-topic/docs/spreadsheets/b-rfaB1Yedw)
Formula Error #NUM!
user tranqui said:(http://productforums.google.com/forum/#!category-topic/docs/spreadsheets/b-rfaB1Yedw)
Formula Error #NUM!
I have been using this for month in a speadsheet. Recently it is giving me an Error #NUM! Argument is blank. I don't understand why this has stopped working.
=ArrayFormula(SUMPRODUCT( INDEX(($D$5:$D$901))*(($F$5:$ F$901=H8)*(MONTH($B$5:$B$400)= 1))))
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there has recently been a change in how Google spreadsheet handles date and time related elements for blank cells -- use of IFERROR function should take care of the problem in your case. You also have a redundant INDEX function call in your formula.
I have also generalized the solution for looking at the SUM by a specified month
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