Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Direct Materials 80,000 Conversion 12,000 Equivalent Units of Production Units Completed and transferred out Units in Ending Work in Process: Direct Materials (12,000 * 100%) Conversion (12,000 * 70%) Equivalent Units of Production 12,000 8,400 88,400 92,000 Cost per Equivalent Unit Costs of beginning work in process Costs incurred this period Total costs Cost per equivalent unit $ 43,000 144,000 $187,000 $ 2.03 per EUP $ 63,200 193,600 $256,800 $ 2.90 per EUP If the units completed were transferred to the Labeling Department, what is the appropriate journal entry to transfer the direct materials? Multiple Choice o Work in Process-Labeling $162,400; Work in Process-Canning $162,400. o Work in ProcessLabeling $187,000; Work in Process-Canning $187,000. o Finished GoodsLabeling $256,800; Finished Goods-Canning $256,800. o Work in Process-Labeling $187,000; Finished Goods-Canning $187,000. o Finished Goods $162,400; Work in Process $162,400