ABC Corporation uses a process costing system. The company had $165,500 of beginning Finished Goods Inventory on October 1. It transferred in $842,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $163,200. The entry to account for the cost of goods manufactured during October is: Multiple Choice Debit Cost of Goods Sold $844,300; credit Finished Goods Inventory $844,300. Debit Cost of Goods Sold $842,000; credit Finished Goods Inventory $842,000. Debit Cost of Goods Sold $844,300; credit Work in Process Inventory $844,300. Debit Finished Goods Inventory $842,000; credit Work in Process Inventory $842,000. Debit Finished Goods Inventory $163,200; credit Cost of Goods Sold $163,200.