Question 6 (11 marks) Pirates Corp. (Pirates) produces high-quality replica gold coins for toy pirate ships. Producing the coins lakes two processes: cutting, for smoothing and cutting the gold, and then stamping, for priming 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 30% complete point. Beginning work-in-process (WIP) 30% complete 5,000 units Costs in beginning WIP: Transferred-in costs $125,000 Conversion costs $ 95.000 Costs added during the month of October: Direct materials polish $256,000 Transferred-in costs (12,000 units) $315,000 Conversion costs $193,000 Ending WIP 90% complete 3,500 units Raqulrod: 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-prooess (1.5 marks)