Karen Mason
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The net wip is a result of the actual total ( the column in JC-M with the + sign over it) less Fin Prod. & Wip Variance (the columns with the -minus signs). When you enter finished production, you may not always have all the costs in, or you may be using standard costs, or your best guess as to what the cost will be, or you may have only a partial going into finished production. All of these items will affect the fin. productin, variance, and ultimately the net wip amount. The Work orders still need closed through WO-J. Once you close them, the net wip amount will move into the variance column. Then the net wip will = 0.
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