Bowman Company reported the following information for the month of November. The standard cost of labor for the month was \($38,000\), hut actual wages paid were \($40,000\). Bowman has calculated its direct labor rate and efficiency variances to be \($2,500\) unfavorable and \($500\) favorable, respectively. Prepare the necessary journal entry to record Bowman’s direct labor cost for the month assuming that standard labor costs are recorded directly to Cost of Good Sold.