Which description matches finished goods in inventory?

Which description matches finished goods in inventory?

• A. Raw materials not yet started in production.
• B. Work in process items currently being produced.
• C. Finished goods that are completed and ready for sale.
• D. Merchandise purchased for resale.

Answer: (C)

In inventory management, finished goods are the products that have completed production and are ready for sale. They sit in stock as completed items waiting to be sold to customers. Raw materials are inputs not yet started in production, and work in process are items still being produced. Merchandise purchased for resale are goods bought to sell rather than items produced by your own operation. So finished goods are those completed and ready for sale.

In inventory management, finished goods are the products that have completed production and are ready for sale. They sit in stock as completed items waiting to be sold to customers. Raw materials are inputs not yet started in production, and work in process are items still being produced. Merchandise purchased for resale are goods bought to sell rather than items produced by your own operation. So finished goods are those completed and ready for sale.