TB MC Qu. 16-146 (Algo) Luker Corporation uses a process... October 31 was $171,200. The entry to account for the cost of goods sold in October is: Multiple Choice Debit Cost of Goods Sold $852,300; credit Work in Process Inventory $852,300. Debit Cost of Goods Sold $852,300; credit Finished Goods Inventory $852,300. Debit Finished Goods Inventory \$171,200; credit Cost of Goods Sold \$171,200. Debit Finished Goods Inventory $850,000; credit Work in Process Inventory $850,000. Debit Cost of Goods Sold $850,000; credit Finished Goods Inventory $850,000