How to fix: Incorrect cost entered when item received?

[MagicToybox]

Hello, trying to find a way to correct inventory cost for items sold that will fix COGS report. 

We received an item 1 month ago, but when received, the cost was entered incorrectly by factor of 100 (e.g. item cost is actually $1.00, but entered as $100.00). As this item has sold, it has created havoc on my COGS report. How can I fix the cost for the items already sold and already received? I would like to fix COGS report to reflect the correct margin, as well as fixing remaining FIFO inventory. 

[repopgifts · Accepted solution]

Go to your item library, select "inventory management", then "history", search for the item, click on it, then adjust the price.

that should do it!

[MagicToybox]

Thank you, I wasn't using the "inventory management" menu, and only seeing it through the Item Details screen, which only gives "view Stock History" without the option to edit. I will be able to fix a lot of more minor inventory mistakes this way as well. 

thank you.

[WolfDenDave]

Hey there, I'm not able to edit the price in Inventory Management -> History.  The whole sale detail is read-only.  Has this changed recently or am I missing something?