Container Tranfers

Peoplesoft Financials V9.1 - Inventory module:

For a serialized item, is there a way to transfer an item Container ID to another Container ID within the same location? 

For example:  Serialized Item #31399 is in Location AA-03-01 and has Container ID's 45, 105 and 303 assigned to it.     We want to transfer items in Container ID 45 to Container ID 303.   Is there a way to do this?  

Thanks, 

Laura