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How do we report the amount "Work In Process Inventory" in the financial statements ?

Accounting Cost Accounting Financial Reporting Financial Accounting Financial Management
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Question added by Deleted user
Date Posted: 2014/09/10
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Owen Gatehi
by Owen Gatehi , Head of Finance , Kapitol Services Co.

By assignning the costs to date of a particular item of opinion or seeking an expert's opinion to the fair value or realisable value or lower price in the market

Jaycee Amado, CB, RCA, CAT, CPA
by Jaycee Amado, CB, RCA, CAT, CPA , Accountant , Golden gulf travel& tourism

We report work in process inventory. End in balance sheet 

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