Work In Process

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
WIP
Pronunciation
/wərk ɪn ˈprɔˌsɛs/
Category
Academic & Science
Related Field
Electronics

Examples in Context

  1. Cost Calculation and Analysis of Completed Products and Work in Process of Factory Enterprise
  2. The area s on magnetic disks used for work in process; not permanent or even semipermanent.
  3. Under the FIFO method, costs of the current period are allocated to the ending Work in Process Inventory in the department and to the completed units.
  4. Each departmental work in process account is also debited for the factory overhead applied.
  5. First, the balance may be allocated among the work in process, finished goods, and cost of goods sold accounts.

Other meanings of WIP

Works In Progress Business
Work In Progress Gov
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West Indian Preparation Academic
Weather Interactive Program Gov
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Work Integrating People Business
Wire Ionized Plasma Academic