The spelling of the phrase "went out one way" follows the standard English alphabet, with each letter representing a specific sound. In IPA phonetic transcription, the pronunciation of each word is as follows: /wɛnt aʊt wʌn weɪ/. This means that the "w" sound is pronounced with the lips rounded, followed by a short "e" sound, then the "n" sound, and so on. Learning IPA phonetic transcription can aid in understanding and correctly pronouncing difficult words and phrases.