Work-in-process inventory

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.