Finished goods inventory
Finished goods inventory is goods completed but not yet sold.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Finished goods inventory. Goods completed but not yet sold.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Finished goods inventory (FG inventory). Completed goods that have not yet been sold.