on 06-10-2011 12:56 PM
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
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
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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
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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
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