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FG

Finished Goods

Finished Goods is a term used to classify INV in a (manufacturing) supply chain that are in a sellable state. Materials with Work-in-Process status typically change status to Finished Goods at the time the GR for a production order is recorded.

Alternative names include: Merchandise (Term used in Retail industries for Finished Goods).

Notes

Finished Goods inventory is recorded on the Balance Sheet as an asset.

See also: RM, WIP.

Hierarchy

IDNameLevelx
INVInventory1INV
FGFinished Goods2FG

Process(es)

IDNameLevelx
M107Transfer3M107
M208Transfer3M208
M410Transfer3M410

Term(s)

IDNameClearx
ABCABC AnalysisABC
CSFPStatement of Financial PositionCSFP
WHSEWarehouseWHSE
Finished Goods Inventory 3 2 {{{keywords}}} {{{description}}}