Work in progress items (i.e., the construction of a new warehouse or specialized piece of equipment) may be very specific to a company and hold little to no value to other market participants.

The ending work-in-progress inventory value of $2,562,000 represents 122 buses in various states of completion and sitting on the production floor. What's the Relevance?

2. Emphasize in-person learning. This work also cannot occur exclusively in an e-learning context. Too many organizations still think, “Oh, we have thousands of employees, let’s put them all ...

A work in progress refers to a task or project that is still in production. As such, it hasn't been completed yet. Companies record WIP costs on their balance sheets under the current assets section.