Work in Process (WIP)

Last Updated: Jun 7, 2019

Created By :

Last Edited By :

Created On :

Work in process inventory, often referred to as WIP, represents inventory that is in the production process. WIP is commonly considered ineligible for borrowing purposes given that the production process (and its associated costs) would need to be completed in order for the inventory to be saleable. Products with longer production times will typically be more difficult and costly to liquidate.