I'm glad you joined this thread, BrianCole.

I'll show you how to adjust the average cost of an item in QuickBooks Desktop.

To do that:

1. Go to the List and select the Item List.
2. Right-click anywhere on the list and select Adjust Quantity/Value On Hand.
3. Change the Adjustment Type to Total Value.
4. Enter the Date & Adjustment Account in the header.
5. Enter the first Item you want to change.

Find out more about managing average cost in QuickBooks Desktop through the following articles:

• Average Costing vs FIFO: What’s the best way to analyze inventory costs?
• Understand Inventory Assets and COGS tracking.

Keep me posted for additional questions or other concerns. I'd be more than happy to help. Wishing you the best of luck.