WA & FIFO; cost of production report 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) 19,200 units Units started during the month 144,000 units Ending WIP Inventory (100% complete as to material; 40% complete as to direct labor; 80% complete as to overhead) 32,000 units Cost Component No