Damond Corporation uses a process costiry system. The company had $163.500 of beginning Finished Goods Inventory an October 1 . It transierred in $840.000 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 Octoberis Deit Cent of Cusobi sod 440000 credit Fhated Coceli kinertor 4040000 Debit Cost of Coxdr Sidd 5842300, cedet Work in Process hivertory 5442300 Detit finhhed Coode invereory \$161,200 credin Cost of Cooks Sold 5161,200. Debat Cost of Coods Sold s842:300 credt Fhinhed Goods inventory Sa42.300