Невозможно выбрать вариант с помощью javascript / jquery

var selectElement = jQuery('[name = "order_status"]').children();
console.info(selectElement);
jQuery(selectElement).each(function(index, item) {
  var match = item.attributes.value.nodeValue;
  if (progress === match) {
    alert(match);
    selectElement.innerHTML = progress;
    //jQuery(this).empty().append(html);
  }
});

<select name = "order_status" class = "select custom-select">
  <option value = "In Progress">In Progress</option>
  <option value = "Completed">Completed</option>
  <option value = "Rejected">Rejected</option>
</select>

<script src = "https://ajax.googleapis.com/ajax/libs/jquery/2.1.1/jquery.min.js"></script>