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We have an issue with a few items, couple employees didn't understand the conversion factor and some of our average prices have multiplied as well. Is there anyway to reset average cost or create an import scenario for it. I know it is a read only so I'm guessing there is not. It's only a few items, but its causing a problem when we turn on "validate min markup" because item can't be sold because it is way below average cost.
The only way I know is to make an inventory adjustment and zero the stock. Then make an inventory receipt for the correct cost and quantity.
If you are dealing with a lot of items then you could export them from the stock item screen. Make the necessary changes for both screens and then reimport from the individual screens.