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

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

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