If Department L Uses $53,000 of Direct Labor and Department

True/False

If Department L uses $53,000 of direct labor and Department M uses $21,000 of direct labor, the following journal entry would be recorded using a process costing system:
$\begin{array}{l}\text { Work in Process Inventory, Department L } & 53,000 \\\text { Work in Process Inventory, Department M } & 21,000 \\\text { Factory Wages Payable } &&74,000\end{array}$