When people talk about WIP account, it’s what it is. An intermediary account where the raw material is being worked on, but it’s not yet a finished good for sale. This is important for companies to audit in a manufacturing process where the inventory is being produced or in the middle of being produced.
WIP it Good
But there’s a Dynamics NAV WIP and WIP for companies...
Continued on Source: Which Inventory WIP Are You Talking About in Dynamics NAV - Confessions of a Dynamics NAV Consultant