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 $196,000; Finished GoodsCanning $196,000.

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

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

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

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