You have $8,000, plus $240,000 minus $238,000, which leaves an ending work in process inventory of $10,000. This work in process formula yields an estimate, rather than an exact figure.

Cloud Computing. 3 Inventory Control Problems That May be Caused by Your Legacy ERP. Dec. 19, 2016. Cloud-based ... the part number, and the quantity. What's missing is real-time visibility into both ...

Work in process inventory, or WIP, is a snapshot of the inventory in process at the close of the books. Ending Inventories Accountants conduct cycle counts of raw materials and inventory during ...