Pirates Corp. {Pirates} produces highguality replica gold coins for toy pirate ships. Producing the coins takes two processes: cutting, for smoothing and cutting the gold, and then stamping, for printing pictures on the coins. Pirates uses a rst in, rst out process costing system to record inventory and cost of goods sold. The following is the production information for the Stamping department for the month of October. Good units transferred from the Cutting department into the Stamping department are added at the start of this process, with conversion costs incurred evenly throughout. A polish is added at the 80% complete point. Beginning workin process (WIP) sow complete 5 DUI} units costs In beginning 1lr'II'IP: Transferredin costs $125,UEIEI $ 95am Costs added dunng the month of October: _ Direct materials polish $256,DEIEI Transferredin costs {12,fltltl units) $315,DUU mum Ending WIP 93% complete 3,5tl units Required: a} Complete the process costing report for the month of October. {5 marks} b} Using the report in part [a], calculate the following information: i. cost per equivalent unit {1.5 marks] ii. total costs transferred out [3 marks} iii. ending work-in-process [1.5 marks]