Let wooden goods = furniture. Then: Walking along the sea shore you see some washed-up furniture with water (waves) splashing against it. From a distance it looks like flowers are growing out the top, but as you get closer you see it is in fact seaweed.
Take seaweed (water + flower) and hang it to dry in a tree to produce nori goods.
Seawood is the flower of the ocean. When you pile as goods on a pallet they drip water.
Seaweed is the flowers of the water. To sell as goods it must first be dried out in trees.
Goods + wood = paper. You know how nori, ie: seaweed, comes in sheets for putting in your ramen or for your sushi? Well thats because its water paper! Seaweed is also a sea flower of sorts, so it all just works out.
Real seaweed serves as furniture for all the sea creatures.
I see the combination of the elements goods and wood as almost a pictograph of goods on wooden pallets (as in a depot, moved by lift trucks). Here some goods on wooden pallets have been left outside on the docks, the tide (water) came up, and they are now covered in seaweed, and some kind of flowers. When the workers are back they take the flowers for the wife, and they grab the seaweed to make Nori (dried seaweed sheets).
Seaweed is like grass 艹 that grows in the water 氵. Its always winding 繰 around things and needs to be dried out 燥 (parched) before it becomes usable goods 品. (繰 and 燥 both on-yomi ソウ like this kanji.) 海藻、かいそう, seaweed; also written 海草, with 2nd kanji grass.
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