Help Save & Exit Luker Corporation uses a process costing system. The company had $163.500 of beginning Finished Goods Inventory on October t. It transferred in $340,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $161,200. The entry to account for the cost of goods sold in October is Multiple Choice Debit Finished Goods Inventory $840,000 credit Work in Process Inventory $840,000 Debit Cost of Goods Sold $840,000, credit Finished Goods Inventory $840.000 Debit Finished Goods Inventory $161,200: credit Cost of Goods Soid $161 200 Debit Cost of Goods Sold 9842,300, credit Finished Goods Inventory $842,300 Debit Cosi Goods Sold 5842,300. credit Work in Process Inventory $842,300 to search