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3 Types of Inventory (Raw Materials, WIP, and Finished Goods)
5:09
YouTubeEdspira
3 Types of Inventory (Raw Materials, WIP, and Finished Goods)
This video discusses the three different types of inventory for manufacturing firms: raw materials, work in process (WIP), and finished goods. An example is provided to illustrate the concepts and demonstrate how the three types of inventory are used to calculate total inventory. — Edspira is the creation of Michael McLaughlin, an award ...
161.3K viewsFeb 11, 2014
Work in Process Accounting
Work in Process (WIP) Inventory
6:20
Work in Process (WIP) Inventory
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Work-in-Process Inventory | Definition, Formula & Calculation
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Work-in-Process Inventory | Definition, Formula & Calculation
Study.com
24K viewsApr 27, 2017
Process Costing Journal Entries
6:46
Process Costing Journal Entries
YouTubeEdspira
19K viewsFeb 20, 2019
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