Asked by Katlin Briggs on Jun 07, 2024
Verified
Finished goods are a classification of inventory for a manufacturer that are completed and ready for sale.
Finished Goods
Items that have gone through the production process and are now prepared for sale.
Manufacturer
A company or person that produces finished goods from raw materials in large quantities through various processes.
Ready For Sale
Indicates items or products are in a condition where they can be offered to customers for purchase.
- Recognize the various inventory categories within a manufacturing business context.
Verified Answer
RM
randy mathisenJun 09, 2024
Final Answer :
True
Explanation :
Finished goods are a type of inventory that has been produced and is now ready to be sold to customers.
Learning Objectives
- Recognize the various inventory categories within a manufacturing business context.
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