What is “Work-in-progress”?
Think in terms of a manufacturer. His inventory will consist of “raw material” and “finished goods”. However, there will be product that may be part way from raw to finished, and is therefore work-in-progress. The precise valuation of any work-in-progress will be mutually agreed upon as part of any contract to sell the business. ^top of page Q: What sectors are “Hot” these days. A: Anything that makes money. Profitable businesses that are well established are always in demand.
