At the end of an accounting period, the balance in the Finished Goods Inventory account is made up of the costs of products completed but not sold as of that date.

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This is because Finished Goods Inventory account represents the value of products that are completed and ready to be sold but have not been sold yet. So, at the end of an accounting period, the balance in Finished Goods Inventory account will reflect the costs of completed products that are still in inventory and have not been sold yet.

At the End of an Accounting Period, the Balance in the Finished