Difference between revisions of "Work-in-process inventory"
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Work-in-process inventory]]. Goods partially worked on but not yet completed. Also called work in progress. | :[[Work-in-process inventory]]. Goods partially worked on but not yet completed. Also called work in progress. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Work-in-process inventory]] ([[WIP inventory]]). Goods that are partway through the manufacturing process but not yet complete. | ||
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 19:59, 16 July 2020
Work-in-process inventory is goods partially worked on but not yet completed. Also called work in progress.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Work-in-process inventory. Goods partially worked on but not yet completed. Also called work in progress.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Work-in-process inventory (WIP inventory). Goods that are partway through the manufacturing process but not yet complete.
