Cost price for an item after a production order ended

Hi all,

We have wrongly entered the time for an operation in the production order which led to huge cost price of an item when the production order ended. We have sold the item to the customer and the same high cost price is shown in the transactions of that item. Can you please let me know how to correct the cost price of an item for the existing transactions and going forward… I see the prices button where we can set in the new cost price for an item from todays date but want to know to reconcile for the existing transactions for that item.



You can do an adjustment to the posted transactions, from inventory management → Closing and adjustment.