Looker corporation uses a process costing system The company had $160.500 of beginning Finished Goods Inventory on October 1. it transferred in $837.000 of goods completed during the period. The ending Finished Goods Inventory balance on October 31 was $158,200. The entry account for the cost of goods sold in October is: Debit Cost of Goods Sold $837,000. credit Finished Goods Inventory $837,000 Debit Cost of Goods Sold $839,300; credit Work in Process Inventory $839,300 Debit Finished Goods Inventory $837,000. credit Work in Process Inventory $837,000 Debit Finished Goods Inventory $158,200. credit Cost of Goods Sold $158 200 Debit Cost of Goods Sold $839,300. credit Finished Goods Inventory $839,300