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Finished Goods Inventory
Any stock which has been completed and is ready for sale, but has not actually been sold is called Finished Goods Inventory.
Any inventories held by the company are considered an asset, as they can be sold to consumers in the future and therefore represent future cash flow. Finished goods inventories are often held to offset fluctuations in demand, as they can be quickly dispatched, and allow a company to sell more products than it is capable of producing in a given period. The down side of inventory is that it ties up money, and may cost a lot to store. Inventories of any sort are also subject to the risk of obsolescence.