12 Retech (12 Retech) Inventories, Work In Process : $0.00 Mil (As of Dec. 2021)

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What is 12 Retech 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. 12 Retech's work in process for the quarter that ended in Dec. 2021 was $0.00 Mil.

12 Retech Inventories, Work In Process Historical Data

The historical data trend for 12 Retech'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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12 Retech Inventories, Work In Process Chart

12 Retech Annual Data

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Inventories, Work In Process

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12 Retech Quarterly Data
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12 Retech 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.

12 Retech (12 Retech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 12 Retech Corp (OTCPK:RETC) » Definitions » Inventories, Work In Process

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Address

2828 N. Central Avenue, Suite 831, Phoenix, AZ, USA, 85004

Website

https://www.12reTech.com

12 Retech Corp mainly engages in the creation of mobile software applications. The company, through its subsidiaries, develops, improves, acquires, and licenses technologies designed to merge between real brick and mortar stores with online retailing of transacting commerce. It develops an omnichannel solution name 12 Technology Suite, through which retailers can choose the entire suite as per their need and combines real-world shopping with online media. The company's products which are based on its 12 technology suite include 12 Mirror, 12 Kiosk, 12 in-store apps, 12 Mobile apps, and 12 ERP.