Finished Goods Definition
Finished Goods Definition:
Units of product that have been completed but have not yet been sold to customers.
Other Related Accounting Articles:
- Equivalent Units of Production Definition
- Cost of Goods Manufactured COGM and Sold Statement Formulas
- Cost of Goods Sold (COGS) Definition
- Ending Finished Goods Inventory Budget Definition
- Equivalent Units of Production
- Back Flush Costing
- Impact of Just In Time (JIT) Inventory Methods on Variable and Absorption Costing System
- Work in Process Accounting
- Job Order Costing Questions and Answers
- Back flush Accounting
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