closing balence of work in process is a part of
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Work in Process Overview
Work in process inventory is an asset The ending work in process inventory is simply the cost of partially completed work as of the end of the accounting period. Ending WIP is listed on the company's balance sheet along with amounts for raw materials and finished goods.
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Work in process inventory is an asset The ending work in process inventory is simply the cost of partially completed work as of the end of the accounting period.
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