Real-Time Work-in-Progress Figures — Construction’s Secret Weapon
ProcurementExpress.com
JANUARY 2, 2019
Let me tell you about Construction’s Secret Weapon. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year.
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