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You can go into your Item Master Data, go to your Inventory Tab and your inventory should now reflect the changes made.

Info

Note: You have to two ways to revalue the inventory:

Price Change – select to change the cost of the item and calculate the value of the whole inventory according to the new price.
Inventory Debit/Credit – select to revaluate by changing the inventory value, which will cause the item cost to change accordingly.