We purchases raw inventory from 3 suppliers to make our finished good. When we buy the raw inventory, I put it in the "Raw Inventory" account as an inventory assest. When the production is complete, I enter the QTY and the COGS. Which is then my beginning inventory. I am coming up with double the inventory amount since I am including raw inventory as an inventory assest still. How should I make this adjustment for when the inventry is finished? I want my inventory value to only be from the QTY times COGS, not based off of raw material inventory expense.

Thanks!

(Title has been edited by moderator for clarity)