Work in process (WIP), work in progress (WIP), goods in process, or in - process inventory are a company 's partially finished goods waiting for completion and eventual sale or the value of these items. These items are either just being fabricated or waiting for further processing in a queue or a buffer storage. The term is used in production and supply chain management.
what does work in progress stock consist of
a company 's partially finished goods waiting for completion and eventual sale or the value of these items