Definicja WIP object

Object of operational Inventory Accounting that is automatically generated when the production order is created.

The WIP object manages work in process and serves to uniquely identify it.

WIP postings are collected for each WIP object. When the ordering and production process is completed, any differences are either posted to a price difference account by the WIP clearing function (valuation procedure Standard Price) or capitalized in the inventory (valuation procedure Moving Average Price).