what does work in progress stock consist of
Work in process Work in process (WIP),[1][2][3][4] work in progress (WIP),[5][6][7] goods in process,[1] or in-process inventory are a company's partially finished goods waiting for completion and eventual sale or the value of these items.[8] 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.