...
1) Item has excessive amount - 267,823.99 occurred because of Inventory Write off
The item was purchased by different prices:
And then it was written off by Average Cost Price (since the Inventory Write off automatically picking the average cost price:
but later on the part of the items were returned to the supplier (by Purchase price):
That's why the excessive amount has occurred o item's balance.
2) Check the transactions for Inventory Write off:
...