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Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.

Manufacturing

Main article: Manufacturing

Manufacturing has three classes of inventory:

1. Raw material
2. Work in process
3. Finished goods

A good purchased as a "raw material" goes into the manufacture of a product. A good only partially completed during the manufacturing process is called "work in process". When the good is completed as to manufacturing but not yet sold or distributed to the end-user is called a "finished good".

Finished goods is a relative term. In a Supply chain management flow, the finished goods of a supplier can constitute the raw material of a buyer.