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What is finish goods?

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Anonymous

14y ago
Updated: 8/19/2019

To use an example from manufacturing, finished goods are those that come out at the end of the production process. Suppose a firm makes furniture. The firm starts with wood, glue, nails, fabric etc. These raw materials start in their "inventory". As they begin to make pieces of furniture, the partly completed items are referred to as "work in progress". When a piece of furniture is complete and ready to ship to the retailer from the factory it is considered a "finished good".

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Wiki User

14y ago

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