WIP-Work in Process

Hi Experts,
Please tell me what is exact WIP in production order settlement. Why it is need to Calculate WIP using Tcode : KKAX - Individual Processing.Pls don't suggest SAP library.
I don't want defination of WIP.If possible explain with example.
Vipul.

Dear,
WIP means work in process material..
WIP Calculation --- difference between the debits and credits of an order as at the period end when you calculate WIP.. in other words, it is the value of undelivered stock from an order. It is always calcualted in term of currency not in term of quantity.
When you need to display the value you can use transaction KKAY orKKAQ.
When you WIP calculation system will calculate the production cost incurred till that time w.r.t. different cost element(direct cost indiredt cost/material and activity) and updated to different accounts.
Hope clear to you.
Regards,
R.Brahmankar

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