What are finished goods?
Q: What are finished goods?
A: Finished goods are products that have completed the required manufacturing process and are ready to be used in a final product.
Q: Can the final product itself be called finished goods?
A: Yes, the final product itself can also be referred to as finished goods.
Q: What types of items can be considered finished goods?
A: Examples of items that can be considered finished goods include cars, clothing, food, furniture, etc.
Q: How do you know when something is a finished good?
A: You know an item is a finished good when it has gone through all of the necessary manufacturing processes and is ready to be used in a final product.
Q: Is there any difference between a raw material and a finished good?
A: Yes, there is a difference between raw materials and finished goods. Raw materials are components that go into making up the end product while finished goods are products that have already been manufactured and are ready for use in the end product.
Q: What does it mean for something to complete its required manufacturing process?
A: Completing its required manufacturing process means going through all of the necessary steps needed to create an item before it can become part of a final product or stand alone as its own item.
