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Luker Corporation uses a process costing system. The company had $167.500 of beginning Finished Goods Inventory on October 1. It transferred in $844,000 of units
Luker Corporation uses a process costing system. The company had $167.500 of beginning Finished Goods Inventory on October 1. It transferred in $844,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $165,200, The entry to account for the cost of goods manufactured during October is: Multiple Choice Debit Cout of Goods Sold $844.000, credit Finished Goods Inventory 5844,000 Debit Cost of Goods Sold $846,300, credit Work in Process Inventory 5846,300 Debit Finished Goods Inventory S844,000 credit Work in Process Inventory $844,000
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