Inventory Adjustment - Cost Only

Good afternoon,

We have an inventory item that was converted at zero cost.  Now that we are trying to reconcile our manual count to what's in the item ledger and are out by only the cost difference.  The quantity count is correct. 

Is there a way to do a cost only adjustment for an item?  If so, is there any issues if the item is lot-controlled? 

If that's not best practice on how to fix it, can you please provide those details as well?

Thanks!