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author's profile photo Former Member
Former Member

RE: Difference between Trading Goods and Finished Goods

What is the difference between a trading good and a finished good?

My business contracts the manufacturing of surfboard to third party manufacturers. We then distribute the surfboards out as our product to customers. Would you describe our surfboards as a trading good or a finished good?

Thanks

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3 Answers

  • Posted on May 24, 2011 at 01:50 PM

    First of all, I am not sure which is the right forum for this question 😊

    Coming to your query, a trading goods can be a finished goods or semi finished goods but not all finished goods can be treated as a trading goods. Hope you got the difference.

    From manufacturers point of view, whatever they produce and sell, it can be treated as a finished goods. Whatever they procure and sell, that can be treated as a trading goods.

    thanks

    G. Lakshmipathi

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    • Former Member

      Hi,

      My company is treating resale items as finish products, is there anything wrong if i advice them as to be treated as trading goods and run ck11n for cost estimate along with additive costs instead of using KKPAN

      Thanks

  • author's profile photo Former Member
    Former Member
    Posted on May 25, 2011 at 10:16 AM

    Trading goods can be anything from raw material, work-in-progress to finished goods. The definition of finished goods can also vary from one company to another as the finished good of one company can be a component for another manufacturer.

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  • Posted on May 26, 2011 at 02:25 PM

    this is a GOOD topic 😉

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