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Scenario 6 Decrease the value without changing the quantity on hand
This inventory adjustment decreases the total value of the items on hand by $120 but does not change the number of items on hand. The average cost of the items will increase as a result of this adjustment.
1.Below is the selected inventory detail before Inventory Adjustment with Average cost $3.0182.
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2.User inputs -120 in Amount column with no quantity change.
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3.The following image is the transaction in General Ledger.
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4.Transaction would also appear in Inventory Transaction List.
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5.The selected Inventory information as follows.
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Average cost is 1.8182
Quantity on hand not changed.
Current value =301.82-120=181.82
Average cost is 181.82/100=1.8182
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