How do I find finished good
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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How do I find finished good
Expert Solution
Step 1
Small Introduction about Finished Goods
- All of the items that manufacturers actually sell to purchasers, whether they be upstream suppliers or retailers, are referred to as finished goods.
- It ultimately culminates in completed goods inventory, which includes all raw materials and objects at every stage of manufacture. It's also referred to as completed goods inventory.
- However, the term "completed" is a relative one. A retailer's item inventory, dropshipping inventory, or another manufacturer's raw material or component might all be found in one manufacturer's completed goods inventory.
- It all depends on where those final things wind up after they've been completed.
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