Work in progress items (i.e., the construction of a new warehouse or specialized piece of equipment) may be very specific to a company and hold little to no value to other market participants.

A work in progress refers to a task or project that is still in production. As such, it hasn't been completed yet. Companies record WIP costs on their balance sheets under the current assets section.

The acclaimed US-born Pop artist Jann Haworth sees Work in Progress—the mural project she has been working on since 2016 with her artist daughter Liberty Blake—as a reckoning for the lack of ...