How to adjust wrong posting sales return a/c in FIFO method

Hi,
My customer is running 2005A PL23. They are using FIFO costing method and Inventory is posted based on "Item Group". They had pointed Sales Credit in Item Group\Accounting tab to Return Inwards GL accounts rather than back to Inventory account. As such when they view Inventory audit report, summarized by account. The cumulative value figure in inventory audit report does not match with the GL inventory account.
Any idea how to do the adjustment?
Regards
Thomas

Hi,
Since the item cost is not affected in this scenario, you can post a JE as below to fix the problem.
Debit Inventory account
Credit Inwards GL account
Regards,
Hamsa

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