Reset Unit Cost for an BOM Item

fmhigue

I got an item that has Bill of Materials. The Unit Cost was fine until someone made a positive adjustment and then the Unit Cost increase like 10 times.

I decide to do a Negative Adjustments of all items on the inventory and the do a Positive Adjustment with the right cost (Vendor Cost). But Average Cost and Unit Cost are moving when I run Adjust Cost, Cost Post to G/L. The items is setup as FIFO.

Any ideas to enter the right Unit Cost.

Thank you in advance

kapil4dynamics

Somebody would have posted wrong unit cost that's why it would have ballooned.

I would have revalued that particular entry by just selecting the apply from entry no. on revaluation journal and ran the ACIE.

But it depends on how many wrong +ve adjustment have been posted if there are more than one but only 1 item is there. I think better will be just put in the item and select the entries which u want to reevaluate and put in the figures which u wanted actually and post a revlaution journal with correct figures with correct application.

Here one more thing u will have to notice this was applicable to items present in inventory but check whether u have sold some items which were at wrong costs.

If u have sold then the process will change first create the sales return (here select aaply from item entry on sales line) after this u can revalue ur item and then again sell it again by selecting apply to (against ur new revalued figure) but keep all dates with u + make sure u select apply from item entry on sales return and on revaluation journal select apply to.