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Luker Corporation uses a process costing system. The company had $168,500 of beginning Finished Goods Inventory on October 1. It transferred in $845,000 of units

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Luker Corporation uses a process costing system. The company had $168,500 of beginning Finished Goods Inventory on October 1. It transferred in $845,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $166,200. The entry to account for the cost of goods manufactured during October is: Multiple Choice Debit Finished Goods Inventory $845,000 credit Work in Process Inventory $845,000 Debit Cost of Goods Sold $847300, credit Finished Goods Inventory $847,300 Debit Cost of Goods Sold $847,300, credit Work in Process Inventory $847300 Debit Finished Goods Inventory $166 200, Credit Cost of Goods Sold $156,200 Debit Cost of Goods Sold $845,000 credit Finished Goods Inventory $345.000 12 of 34 !!! 2. ere to search

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