If Department N Incurred Direct Labor Cost of $22,000 and Department

True/False

If Department N incurred direct labor cost of $22,000 and Department O incurred direct labor cost of $43,000,the following journal entry would be recorded by the process cost accounting system:
$\begin{array}{llr} \text {Factory Payroll } &65,000\\ \text { Goods in Process Inventory, Department N } &&22,000\\ \text { Goods in Process Inventory, Department O } &&43,000\end{array}$