Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.

Equivalent Units of Production	Direct Materials					Conversion
Units Completed and transferred out			50,000					50,000
Units in Ending Work in Process:
Direct Materials (15,000 100%)			15,000
Conversion (15,000 80%)								12,000
Equivalent Units of Production			65,000					62,000
Cost per Equivalent Unit
Costs of beginning work in process		$	40,500				$	59,700
Costs incurred this period			136,000					183,100
Total costs		$	176,500				$	242,800
Cost per equivalent unit		$	2.71	per EUP			$	3.92	per EUP

If the units completed were transferred to the Labeling Department, what is the appropriate journal entry to transfer the conversion costs?

• Work in ProcessLabeling $183,100; Work in ProcessCanning $183,100.

• Work in ProcessLabeling $196,000; Work in ProcessCanning $196,000.

• Finished GoodsLabeling $183,100; Finished GoodsCanning $183,100.

• Work in ProcessLabeling $196,000; Finished GoodsCanning $196,000.

• Finished Goods $242,800; Work in Process $242,800.