Decatur Industries, Inc., maintains a finished goods ledger for all of its manufactured products.

Instructions:

1. Prepare a finished goods ledger card for stock no. C45 baseball bats. Minimum quantity is set at 250 units.
Inventory location is Area R-12.

2. Record the beginning balance on April 1 of the current year for 280 C45 baseball bats at a unit cost of $8.70. Decatur Industries uses the first-in, first-out method to record inventory costs.

3. Record the transactions.

Transcribed Image Text:

Transactions: Apr. 2. Received from production department 210 C45 bats at a unit cost of $8.80. Job No. 315. 8. Mike's Place, a store selling baseball equipment, cards, and memorabilia, ordered 90 C45 bats. Sales Invoice No. 511. 9. Production department completed 140 C45 bats and sent them to finished goods inventory. The unit cost for Job No. 334 was $9.00. 14. Sports Unlimited, a wholesale distributor of sports equipment, purchased 75 C45 bats. Sales Invoice No. 521. 16. Job No. 339 was completed, with 100 C45 bats sent to finished goods inventory. The unit cost was $8.60. 23. Mike's Place purchased 300 C45 bats. Sales Invoice No. 536. 27. Sold 75 bats to The Grand Old Game, a baseball retailer. Sales Invoice No. 543. 28. Received from production department 120 C45 bats at a unit cost of $8.85. Job No. 363.