work-in-progress


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Related to work-in-progress: Work-in-Process

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.

work-in-progress

any goods that are still in the process of being made up into their final form. Work-in-progress together with raw materials and STOCKS of finished goods constitute INVENTORY INVESTMENT.
References in periodicals archive ?
0 intercepts application crashes or GPF before they disable an application or Windows itself, and provides the user with the best chance of saving their work-in-progress.
The rugged media, which provides more than a million writes, can safely store raw recordings, work-in-progress and final production-quality work while protecting creative work from hard disk crashes and rough handling.