is it possible to use form values as a useMemo dependency ?

const calculatedTotal = useMemo(() => {
  
    const values = form.state.values;
    let total = 9; // Base price
    
    if (values.sendingMethod === "pickup") {
      total += 5;
    }
    
    if (values.weight > 10) {
      total += 4;
    }
    
    if (values.numberOfParcels === 2) {
      total += 4;
    }
    
    if (values.deliveryType === "express") {
      total += 1;
    }
    
    return total;
    
}, [form.state.values]);