‘Work in process’ inventory refers to unfinished products that are somewhere in the manufacturing process, and are therefore unsellable. The ending work in progress inventory roll-forward starts with the beginning balance, adds the manufacturing costs, and then deducts the cost of goods manufactured (COGM). The major benefit of the work in progress inventory is that […]

All Paramount Tax locations are independently owned and operated by franchisees of Paramount Tax (although one or more may be company owned). Legal designations, tax filing processes, services, prices and hours of operation may vary by location and by state (per state requirements). Please refer directly to each QuickBooks Accountant locally owned franchise for more […]