Goods in Process

Also found in: Encyclopedia

0.01 sec.

Work in Process

Products of a company that are in inventory but are incomplete. They are held in inventory while they are completed and made ready for sale. In the accounting of inventory, work in process is recorded under assets and is valued at its cost or realizable value, whichever is less. Just as commonly, works in process are called goods in process.

goods in process

See work in process.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
capital asset Work in Process			In the manufacturing firm inventory includes raw materials, goods in process or manufacture, and finished goods. Accounting: the language of business by Cookingham, Vincent P. / Security Management Inventories of goods in process and finished goods increased in Mexico mainly as a result of lower shipments, while inventories of raw materials and goods in process increased in Argentina mainly due to the planed stoppages for the relining of blast furnace #2 and for a hot rolled mill investment program. Ternium Announces Third Quarter 2006 Results by Business Wire Alabama's cost-effective tax structure featuring no tax on inventory or goods in process and low ad valorem taxes. Oretech Inc. Relocates Corporate Headquarters and Enters Into ... by Business Wire			Goldilocks Economy Goldilocks Market Goldman Sachs Commodity Index Good 'til canceled Good 'Til Cancelled Order good and marketable title good and merchantable title good consideration Good Delivery Good Delivery and Settlement Procedures good faith Good Faith Deposit Good Faith Estimate Good Faith Money good funds Good Money Good Risk Good Through/Until Date Order good title Good Will good-faith estimate Good-This-Month Order good-till-canceled order Goods and Services Goods and Services Tax Goods in Process goodwill Google Gopik Gordon Brown Gordon Growth Model Gorilla Gosbank Gosplan Gouvernement de l'entreprise Governance corporative Government Accountability Office Government Accounting Office Government Accounting Standards Board Government Bond Government Bonds Issued at a Discount Government Broker Government Debt Government Depository Government Failure Government Grant Government Money Mutual Fund Government National Mortgage Association Government Obligations government patent Government Printing Office			goods goods goods and chattels goods and chattels Goods and Merchandise Subject to Duties Goods and Merchandise Subject to Duties Goods and Nonfactor Services Goods and Service Goods and services Goods and services Goods and Services Identification Number Goods and Services on Order Goods and Services Tax Goods and Services Tax Goods and Services Tax Act Goods and Services Tax Determination Goods and Services Taxes Goods At Consolidator Goods Available for Sale Goods container Goods container Goods Delivered Not Invoiced Goods Departed Message Goods Dispatch Note Goods engine goods exported illegally goods for sale Goods from the Woods Goods Identity Number goods imported illegally Goods in Process Goods in Process Inventory Goods in Process Inventory Goods in Transit Goods Inspection Report Goods Inwards Warehouse goods lift goods lift Goods Lost in Transit Goods of the Same Class or Kind Goods Outwards Warehouse Goods Receipt Goods Received Not Invoiced Goods Received Note Goods Received Voucher Goods Return Request goods shipped Goods Shipped Not Invoiced Goods sold and delivered goods subject to confiscation goods subject to seizure Goods train Goods wagon goods yard Goods-in-Process Goods-in-Process Goods-in-Process Inventory Goods-in-Process Inventory GoodSeed International

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.