Luker Corporation uses a process costing system. The company had $171,500 of beginning Finished Goods Inventory on October 1. It transferred in $848,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $169,200. The entry to account for the cost of goods sold in October is:

Dr. Cost of goods Sold            $850,300

Cr. Finished goods Inventory $850,300

Explanation:

Goods available to sale is the sum to Beginning Inventory and the production / Purchases for the period.

Finished goods Available for sale = Beginning Inventory of Finished goods + Production in the period

Finished goods Available for sale = $171,500 + $848,000 = $1,019,500

Cost of Goods sold is the cost of the unit sold which is incurred to produce / purchase that products. It is calculated by deducting the ending inventory from goods available to sale.

Cost of finished goods sold = Finished goods Available for sale - Ending Inventory of finished goods = $1,019,500 - $169,200 = $850,300

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

a loan? that’s my guess, anywho.