Inventory Turns WIP
This report displays the Inventory Turns WIP trend that is calculated based on the Cost of goods sold and Work in progress for the specified fiscal period. The Cost of goods sold (moving total) and Work in progress (moving average) are displayed in a bar chart. The Inventory Turns WIP trend is displayed as a line.
Inventory Turns WIP = Cost of goods sold / Work in progress
By default, this report compares the Inventory Turns WIP for six fiscal periods.
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The report is displayed as a spreadsheet. The first and second column of this report lists the accounts and values, such as calculated sum of Cost of goods sold and calculated average of Work in progress based on which the Inventory Turns WIP is calculated. The remaining columns display the values based on which the Cost of goods sold and Work in progress are calculated for the specified fiscal periods.