Valiant Petroleum (LSE:VPP) Inventories, Work In Process : £0.0 Mil (As of Jun. 2012)

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What is Valiant Petroleum Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Valiant Petroleum's work in process for the quarter that ended in Jun. 2012 was £0.0 Mil.

Valiant Petroleum Inventories, Work In Process Historical Data

The historical data trend for Valiant Petroleum's Inventories, Work In Process can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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Valiant Petroleum Inventories, Work In Process Chart

Valiant Petroleum Annual Data

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Valiant Petroleum Semi-Annual Data
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Valiant Petroleum Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

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