We incorrectly setup the item with a receiving master unit of 1 MSU = 12 units, but it should be 1 MSU = 6 units.
We received 408 units of this item instead of 204, and it got invoiced with the correct amount.
Unit cost became 10 instead of 20.
How can we adjust the unit cost correctly?
Inventory Control team negatively adjusted the items using a item journal taking out 204 units at ZERO value.
They were hoping that it would adjust the remaining inventory to double the cost, but instead cost adjustment just added an entry to remove the cost associated with the 204 units adjusted out.
Currently our inventory is 0 for this item because of the negative adjustment and sales.
We already sold the 204 units of the item but now our reporting still says that unit cost is 10 instead of 20.
Edited: Posting date for this has been closed since last fiscal year
How can we go about fixing this?
