TB MC Qu. 16-167 Following is a partial process... Following is a partial process cost summary for Mitchell Manufacturing's Canning Department 11 Direct Materials 52,000 Conversion 52,000 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 * 80%) Equivalent Units of Production Cost per Equivalent Unit Costs of beginning work in process Costs incurred this period Total costs Cost per equivalent unit 64,000 9,600 61,600 $ 40,700 136,700 $177,400 $ 2.77 per EUP $ 60,000 184,000 $244,000 $ 3.96 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 $144,040; Work in Process-Canning $144,040. O Work in Process-Labeling $177,400; Work in Process-Canning $177,400. Finished Goods-Labeling $244,000; Finished Goods-Canning $244,000. Work in Process-Labeling $177,400; Finished Goods---Canning $177,400. Finished Goods $144,040; Work in Process $144,040