Work in Process Definition

Below please find a definition of “Work in Process”

Financial Analysis Training & Glossary TermsWork in Process: In simple terms as the term suggests, any work that has been initiated and / or is being worked on but has not been released to the customer is termed as work in process. In the financial world, work in process is a financial account that contains the dollar value of the goods that are made ready for production, yet has not produced a finished product.

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