Work-in-Process Definition
Work-in-Process Definition:
Units of product that are only partially complete and will require further work before they are ready for sale to a customer.
Other Related Accounting Articles:
- Equivalent Units of Production Definition
- Work in Process Accounting
- Ending Work in Process
- Inventory Accounting
- Sales Lead
- Back flush Accounting
- Outsourcing
- Total Quality Management
- Cost of Goods Manufactured COGM and Sold Statement Formulas
- Sales Mix
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