What is WORK IN PROCESS?

1. Contracting. Partly finished jobs valued t cost to this point. 2. Manufacturing. Partly completed goods that are not yet the finished product. Also known as work in progress.

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Related Legal Terms
WORK ORDER, PROCESS WASTE, PROCESS CHART, WORK PERFORMED, PROCESS COSTING, PROCESS RISK, OVER AND ABOVE WORK, QUALIFICATION PROCESS, WORK-BEAST, or WORK-HORSE, BESSEMER PROCESS


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