Finished Goods Inventory definitions

Finished Goods Inventory

Goods that have been manufactured but have not yet shipped.
Found on https://www.encyclo.co.uk/local/21657

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Finished Goods Inventory

Finished goods inventory is the third group of inventory owned by a manufacturer and consist of products that are ready for sale. You can think of this like merchandise owned by a retailer. These goods are completely finished, made it through the production process, and ready for consumers to buy.
Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction

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