Work-in-process

/Work-in-process

Work-in-process

Work-in-process (WIP): Raw materials being turned into final goods, but not yet finished

  • Raw materials, factory workers, and manufacturing overhead added to WIP
  • Items are held in the WIP inventory account until they are finished, at which point they move to finished goods (FG)

N_35F_Work-in-process

Learn accounting with the free app

Accounting Flashcards

Accounting Flashcards includes a translate button for English, Chinese, and Spanish.

Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio. Whether you are an aspiring CPA or IFRS expert, use this accountancy app to reach your goals. Even an aspiring chartered accountant or those reaching for the CPA Australia can benefit. Topics of accounting standards, equation, terms, ratios, and more are covered.

iPhone6_mockup_truacur_smaller2

Get the PDF book here

Subsribe

 

By | 2018-01-22T10:23:53+00:00 August 13th, 2015|0 Comments

About the Author:

John Gillingham is a CPA and Accounting App Developer in San Francisco, California. Check the iOS App Store for Accounting Flashcards and the Debits & Credits Game. On Android: Learn Accounting Flashcards. Also on Kindle and iBooks.

Leave A Comment

mail

Subscribe to our newsletter

Accounting Flashcards

Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio.

iPhone6_mockup_truacur_smaller2

appstore
playstore

 

Subscribe to our newsletter

mail

Subscribe to our newsletter

Our Product

Accounting Flashcards

Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio.

iPhone6_mockup_truacur_smaller2

appstore
playstore