How can I change the Unit Cost on an item that has QOH=0. The average cost is being calculated at 330.25 whereas the actual cost is .04 per unit. There was a huge error in purchase receipts.
I did a spreadsheet that shows all of the entries done. This spreadsheet shows that we had 500 units and the total cost amount from value entry was $165121.8254 giving us an average cost of $330.24366. We did an entry to take out this inventory - -500 @ $330.24366. Now the spreadsheet says we have 0 quantity and 0 costs. The Item Card says we have 0 quantity at Unit Cost of $330.24366. Will that change automatically when we purchase more at .04?
The problem is that the wrong cost comes up when doing estimates. Is there a way to change the Unit Cost when QOH is zero?
Have a great day, Erik
In reply to Erik P. Ernst: