Finished Good Inventory

{
  "id": "MLC-T-ECS-000728",
  "term": "Finished Good Inventory",
  "field": "Economic statistics",
  "definition": "The value of all completed products ready for shipment and all inventories and goods bought for resale requiring no further processing or assembly. No accumulation of finished goods inventories should occur with long-term contracts unless the total sales receipts are not recorded until the time of delivery. Manufacturers' Shipments, Inventories, & Orders",
  "see_also": [
    "Inventories"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/finished-good-inventory/"
}