In a single-process production system, Phunky Phingers produces wool gloves. For November, the companys accounting records reflected the following: Beginning WIP Inventory (100% complete as to material; 30% complete as to direct labor; 60% complete as to overhead) 14,400 units Units started during the month 108,000 units Ending WIP Inventory (100% complete as to material; 40% complete as to direct labor; 80% complete as to overhead) 24,000 units Cost Component November 1 During November Direct material $15,624 $108,000 Direct labor 2,290 54,950 Overhead 5,563 84,989

a. For November, prepare a cost of production report, assuming that the company uses the weighted average method.

b. For November, prepare a cost of production report, assuming that the company uses the FIFO method.