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Inventory valuation incorrect - 0 on hand but $ valuation in report
We have a problem with determing the correct total inventory valuation. I did an inventory adjustment to remove inventory and all the product was fulfilled, but the valuation still shows a dollar amount ($13,123.12 in this case). When I run an inventory valuation report, it shows up has having 0 on hand and $13,123.12 in valuation.
This is obviously not correct and since the on hand is 0 it cannot be adjusted through inventory adjustment process, or so it seems.
Please offer any methods we can use to eliminate this dollar amount so the inventory valuation can be accurate in the report and it can match what shows in the Balance Sheet.
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