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What stage of inventory includes goods that are ready to be sold to consumers?

The ________stage of inventory includes goods that are ready to be sold to consumers.

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Answer:

Finished goods

Explanation:

There are four stages of inventory

1. Raw materials – materials and components scheduled for use in making a product.

2. Work in process, WIP – materials and components that have began their transformation to finished goods.

3. Finished goods – goods ready for sale to customers.

4. Goods for resale – returned goods that are salable.

So, we see here that the inventory stage that deals with goods ready for sale is FINISHED GOODS.

Answer:

Finished goods

Explanation:

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