18. (15 pts) The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 8,000 liters in beginning work in process inventory (60% complete). During the period 70,000 liters were completed. The ending work in process was 3,000 liters (60% completed). What are the total equivalent units for direct materials under the FIFO method if materials were added at the beginning of the process? Is this correct?

    	Whole Units		Equivalent Units
    Inventory in process, beginning of period	8,000	60%	4,800
    Started and completed during the period	62,000	100%	62,000
    Transferred out of Bottling (completed)	70,000		66,800
    Inventory in process, end of period	3,000	60%	1,800
    Total units to be assigned costs			65,000