Client received an inventory quantity in error (at the wrong dollar amount). The PO was received and then invoiced. (and some of the inventory quantity was allocated to sales orders) Now, the client wants to reverse the original quantity received at the wrong cost and re-receive it at the correct cost. We can 'return' most of the quantity but the portion that was allocated cannot be undone.
ie 5000 widgets received at $2.00 each
cost should have been $2.20 each
They attempted to return the 5000 but only 4500 could be returned because 500 were allocated to orders
What is the best way to correct the cost for the 500 @ $2.00 and make the cost $2.20?