If 10,000 Units That Were 40% Completed Were in Process

True/False

If 10,000 units that were 40% completed were in process on November 1, 80,000 units were completed during November, and 12,000 units were 20% completed on November 30, the number of equivalent units of production for November was 75,600.
(Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)​