Finished goods

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The English Wiktionary has a dictionary definition (meanings of a word) for:

finished goods

Finished goods are goods that are manufactured but not yet sold or distributed to the end-user.

[change] Manufacturing

In manufacturing one has three different sorts of stuff:

1. Raw material
2. Work in process
3. Finished goods

A good bought as a "raw material" is used to manufacture a product. A good that is not 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 good is a relative term. Finished goods of a supplier can be the raw material of the buyer. For example when the supplier sells paper and the buyer is a book publisher.

Other examples: cars, clocks, piano etc.

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