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Definition of wip in English English dictionary
- is an acronym for Work in Process/Progress Usually refers to inventory that has value added from labor or additional processing When considered for inventory value, the value of the raw material plus the value added component is accounted for in determining the value of that inventory at that point in the process
- Work in Process (20)
- Work-In-Progress
- -work-in-process Generally describes inventory that is currently being processed in an operation or inventory that has been processed through one operation and is awaiting another operation Is actually a financial account that contains the dollar value of all inventory, labor, and overhead that has been issued to production but has not yet produced a finished product
- – Well Investigation Program, conducted by the Regional Water Quality Control Board