Oluwatobiloba Adenola Abeokuta, Nigeria 177 Questions 10 Answers 1 Best Answer 216 Points View Profile 0 Oluwatobiloba AdenolaLevel 2 Asked: March 5, 20202020-03-05T10:21:31+00:00 2020-03-05T10:21:31+00:00In: Construction, Engineering and Manufacturing Explain how you can calculate manufacturing work in progress 0 Explain how you can calculate manufacturing work in progress Share Facebook 1 Answer Voted Oldest Recent Ayomide 0 Questions 69 Answers 0 Best Answers 158 Points View Profile Ayomide Level 2 2020-03-31T22:52:15+00:00Added an answer on March 31, 2020 at 10:52 pm Work in Progress is inventory that has started the manufacturing process and not included in raw materials inventory as it is not a complete product. Work in progress on a balance sheet work is shown as an asset as money has been spent towards a completed product. The product has not been completed so far hence the Work in Progress is valued lower. It is calculated as stated below: Work in process = (operating inventory goods in process + raw materials used during the period + direct labor during the period + factory overhead for period) – ending inventory. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.