Work in process (WIP)
Work in process is also called as work in progress (WIP). Stock items that are not finished and moved to inventory, or make items that are not finished and shipped. This includes all material released for processing through completely processed material awaiting final inspection and acceptance as a finished product.
This report shows the stock items that are not finished and moved to inventory, or make items that are not finished and shipped. This includes all material released for processing through completely processed material awaiting final inspection and acceptance as a finished product.