Powell Company uses a job order costing system. During the month of May, Powell spent most of its time on job A50, which was started late in April. Following is cost information for job A50, other May costs, and relevant annual estimates:

Materials used:

80% for Direct use on job A50 and 20% for Indirect use . $5000

Labor:

Direct labor for job A50 (300 DLH @ $20 per DHL) ... $6000

Indirect labor for May ................ $310

Other May costs:

Depreciation (70% Factory and 30% Administrative) ... $1000

Other (70% Factory and 30% Administrative) ..... $700

Overhead Cost Driver is Direct Labor Hours .......(DHL)

Estimated annual overhead ............. $21000

Estimated annual DHL ............... 3000 hours

Markup (as a percentage of cost) ........... 40%

Required:

Assuming that the May 1 work-in-process inventory for job A50 was $400, make the required journal entry when this job is completed on May 15.