finished goods inventory


Accounting dictionary. 2014.

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  • finished goods stock — finished goods inventory The value of goods that have completed the manufacturing process and are available for distribution to customers. In any accounting period there will be opening stock of finished goods at the beginning of the period and… …   Accounting dictionary

  • finished goods stock — finished goods inventory The value of goods that have completed the manufacturing process and are available for distribution to customers. In any accounting period there will be opening stock of finished goods at the beginning of the period and… …   Big dictionary of business and management

  • finished goods — The final products of a *manufacturing process that are held as *inventory, pending their sale. Compare *raw materials and *work in process …   Auditor's dictionary

  • finished — UK US /ˈfɪnɪʃt/ adjective ► PRODUCTION used to describe manufactured goods that are ready to be sold: finished goods/products »Prices paid to producers for finished goods rose 1.7 percent in October. finished goods inventory/stock »On Monday the… …   Financial and business terms

  • inventory — the value of all the stock of physical items that a business uses in its production process or has for sale in the ordinary course of doing business. Glossary of Business Terms A category of goods defined by Article 9 of the Uniform Commercial… …   Financial and business terms

  • Inventory — For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by FIFO, LIFO or other… …   Financial and business terms

  • Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …   Wikipedia

  • Finished good — Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.ManufacturingManufacturing has three classes of inventory:#Raw material #Work in process #Finished goodsA good… …   Wikipedia

  • inventory — inventoriable, adj. inventorial, adj. inventorially, adv. /in veuhn tawr ee, tohr ee/, n., pl. inventories, v., inventoried, inventorying. n. 1. a complete listing of merchandise or stock on hand, work in progress, raw materials, finished goods… …   Universalium

  • goods — A category of personal property defined by Article 9 of the UCC. Sometimes called tangible goods. Further divided into consumer goods, equipment, farm products, and inventory. American Banker Glossary * * * goods goods [gʊdz] noun [plura …   Financial and business terms

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