Goods in Process

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goods in process

See work in process.

Goods 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, goods in process are recorded as assets and are valued at their cost or realizable value, whichever is less. More commonly, goods in process are called work in process or works in progress.

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capital asset

work in process

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

The result is better asset and inventory management through more accurate and timely information as well as greater access to automated security status of the goods in process and in transit.

LXE Inc. and Savi Technology Announce Joint Product Development That ... by Business Wire

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