You are correct!
From our dictionary:
Pronunciation: (ku-mod'i-tE), [key]
1. an article of trade or commerce, esp. a product as distinguished from a service.
2. something of use, advantage, or value.
3. Stock Exchange.any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.
4. Obs.a quantity of goods.
Yesterday's Word Quiz
Tomorrow's Word Quiz
Advanced Word Quiz