We were writing off materials as a year-end inventory reconciliation in December last year. We mistakenly wrote off a material that was supposed to stay in inventory. Otherwise, this causes our plant to order more materials.
I originally wrote off the inventory with a 201 movement last year. Is it possible to reverse this using a 202 movement for the new fiscal year? Please advise whether this is possible and the proper steps to take. Thank you for your help!
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