Luker corporation uses a process costing system. the company had $160,500 of beginning finished goods inventory on october 1. it transferred in $837,000 of units completed during the period. the ending finished goods inventory balance on october 31 was $158,200. the entry to account for the cost of goods manufactured during october is:
a. debit cost of goods sold $837,000; credit finished goods inventory $837,000.b. debit cost of goods sold $839,300; credit work in process inventory $839,300.c. debit finished goods inventory $837,000; credit work in process inventory $837,000.d. debit finished goods inventory $158,200; credit cost of goods sold $158,200.e. debit cost of goods sold $839,300; credit finished goods inventory $839,300.