What Are Finished Goods?

1.	What Are Finished Goods?
Answer» Inventories are those completely MANUFACTURED products which are ready for SALE. Stocks of raw materials and work-in-process facilitate PRODUCTION, while stock of finished goods is required for smooth marketing OPERATIONS. Thus, inventories SERVE as a link between the production and consumption of goods. Inventories are those completely manufactured products which are ready for sale. Stocks of raw materials and work-in-process facilitate production, while stock of finished goods is required for smooth marketing operations. Thus, inventories serve as a link between the production and consumption of goods.

Answer»

Inventories are those completely MANUFACTURED products which are ready for SALE. Stocks of raw materials and work-in-process facilitate PRODUCTION, while stock of finished goods is required for smooth marketing OPERATIONS. Thus, inventories SERVE as a link between the production and consumption of goods.

Inventories are those completely manufactured products which are ready for sale. Stocks of raw materials and work-in-process facilitate production, while stock of finished goods is required for smooth marketing operations. Thus, inventories serve as a link between the production and consumption of goods.

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