Luker Corporation Goods Inventory ending Finished Goods Inventory balance cost of goods manufactured during October is: uses a process costing system. The company had $167,500 of beginning Finished on October 1. It transferred in $844,000 of units completed during the period. The on October 31 was $165,200. The entry to account for the Multiple Choice Debit Cost of Goods Sold $844,000; credit Finished Goods Inventory $844,000. Debit Cost of Goods Sold $846,300; credit Work in Process Inventory $846,300. Debit Finished Goods Inventory $844,000; credit Work in Process Inventory $844,000 Debit Finished Goods Inventory $165,200; credit Cost of Goods Sold $165,200. Debit Cost of Goods Sold $846,300; credit Finished Goods Inventory $846,300