In business and accounting, finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user. == Manufacturing == Manufacturing has three classes of inventory: Raw material Work in process Finished goods A good purchased as a "raw material" goes into the manufacture of a product.
In business and accounting, finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user. == Manufacturing == Manufacturing has three classes of inventory: Raw material Work in process Finished goods A good purchased as a "raw material" goes into the manufacture of a product.
Source: Wikipedia "Finished goods" · CC BY-SA 4.0
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