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Adjust Inventory with COGS entries

edited Nov 26, 2019 8:40AM in Accounting / ERP 4 comments

I currently have negative on-hand in my inventory and needed to adjust it to zero. When I did an Adjust Inventory for this item, I selected an inventory count variance for the Adjustment GL account.

Sample:
Item A has current on-hand of -50 with -526.61 value. On the adjust inventory transaction, I then entered 50 to zero out the on-hand and placed 526.61 as new value.

When I looked at the GL Impact, it created a COS adjustment in addition to the adjustment gl entry I selected. I do not understand why COS adjustment was created and at what cost?

I filed a case with NS already but haven't received a satisfactory answer to this.

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