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Forums Enterprise Resource Planning & Manufacturing Lawson S3 Procurement

reverse IC21.2 entry

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Patti D
Basic Member
Posts: 10
Basic Member
4/10/2020 9:44 PM

    We were given 100+ boxes of gloves from a business for Covid-19 – I put them into inventory using IC21.2

    at .0001 cost.

    Our AP dept. says I need to reverse this entry - add a fair market price and put back them back into inventory

    I haven’t done this in a long time.

    Could someone please advise me how to reverse the  IC21.2 entry and add them back into inventory with a price

    Your help is greatly appreciated

    Happy Easter

    JonA
    Veteran Member
    Posts: 1163
    Veteran Member
    4/22/2020 3:07 PM
      Did you add them to existing inventory? Meaning, was there already SOH for this item and you added 100+ BX to that inventory at $.0001? If so you diluted the average cost. Have there been issues to departments since you did this?
      Jon Athey - Sr. Supply Chain Analyst - Materials Management - MyMichigan Health
      Kat V
      Veteran Member
      Posts: 1020
      Veteran Member
      4/23/2020 2:20 PM
        IC28 - you need the document number showing on IC50 for the item - but it will let you put in a new cost and recalculate the average cost for you.

        We've been bringing it in as $0 and letting it affect our average cost though - it's basically a very large discount to the item we already used.