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Need help on Work In Progress(WIP - Manufacturing)
raju_nav
Member Posts: 41
hi all,
I have to show a demo to the customer in which there is a need of explaining about Work In Progress (WIP - Manufacturing) .
How could i explain this to the customer. I haven't got an clear idea on that.
Can anyone help regarding this
with regards,
I have to show a demo to the customer in which there is a need of explaining about Work In Progress (WIP - Manufacturing) .
How could i explain this to the customer. I haven't got an clear idea on that.
Can anyone help regarding this
with regards,
A.RajaManikkam
0
Comments
Start production
Post consumption Raw Material = $100
Post some output product $20
Then, WIP cost = $100 - $20 = $80.
that means you still have $80 items in progress.