Finished good
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Finished goods is a goods that is completed as to manufacturing but not yet sold or distributed to the end-user.
[edit] Manufacturing
Manufacturing has three classes of inventory:
A good purchased as a "raw material" goes into the manufacture of a product. A good only partially completed during the manufacturing process is called "work in process". When the good is completed as to manufacturing but not yet sold or distributed to the end-user is called a "finished good".
Finished goods is a relative term. In a Supply chain management flow, sometimes finished goods of a supplier is the raw material of buyer. The example is the supplier is a paper and the purchaser is a book publisher.
For example: cars, clocks, piano etc.
