Hi Experts,
I have a customer who has an inventory costing issue. They created a production order with an incorrect raw material usage which then went into inventory at the wrong cost. They Invoiced the customer which removed the items from inventory and then saw their error and created a AR credit memo. That then put the over costed material into inventory returns account.
So now I need to know how to adjust this so that I can back out the amount out of inventory returns and move it to inventory and correct the average cost of the part. The basic Inventory Revaluation price only let's you hit inventory as your debit and credit. If I select debit / credit I can hit returns however I don't exactly get the correct average cost.
Word docs are not allowed to be attached and pictures are almost impossible to be manipulated with in this application so I can't provide any screen shots.
Any help would be appreciated also and upgrade to the functionality of this forum would help.