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semi finished goods and work in progress

Former Member
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Dear all,

May I know if semi finished goods also considered as finished and not work in progress, correct?

whether semi finish or finish goods can be in work in progress. correct?

thanks

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Answers (3)

Answers (3)

Former Member
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HI

Semifinshed goods cannot considered as finished goods but it can be work in progress, we can send semifinish product to subcontractor to male various process on that material

finished goods are directly send to traders customers , various taxes applicable on semifinish goods & finished goods are diffrent

former_member184655
Active Contributor
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Dear sapper2000,

Work in progress:If my understanding is correct,then any unfinished product can be said as work in progress.

Work in process or progress are partially completed goods, parts, or subassemblies that are no longer part of the raw

materials inventory and not yet part of the finished products inventory.Check this link to explore more on this topic,

http://wiki.sdn.sap.com/wiki/display/ERPFI/UnderstandingResultsAnalysisforWIP

Regards

Mangalraj.S

Lakshmipathi
Active Contributor
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I dont know in which context you have raised this query. In general, we can consider semi finished goods as work in progress as well as salable material. As for as finished goods is concerned, it cannot be treated as a work in progress, as the name itself indicates that you have completed the work.

thanks

G. Lakshmipathi