Luker Corporation uses a process costing system. The company had $172,500 of beginning Finished Goods Inventory on October 1. Luker completed and transferred to finished goods a total of $849,000. The ending Finished Goods Inventory balance on October 31 was $170,200. The entry to account for the cost of goods sold in October is:

rev: 02_23_2016_QC_CS-43380

Debit Cost of Goods Sold $849,000; credit Finished Goods Inventory $849,000.

Debit Cost of Goods Sold $851,300; credit Work in Process Inventory $851,300.

Debit Finished Goods Inventory $849,000; credit Work in Process Inventory $849,000.

Debit Finished Goods Inventory $170,200; credit Cost of Goods Sold $170,200.

Debit Cost of Goods Sold $851,300; credit Finished Goods Inventory $851,300.