The most common and most likely answer to this crossword clue is the 8 letter word PASTRIES
I've seen this crossword clue in The Daily Telegraph
P
A
S
T
R
I
E
S
Buddy explains!

The straight part
We know that "baked goods" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case baked goods = pastries.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does PASTRIES mean?
PASTRIES noun- A baked food item made from flour and fat pastes such as pie crust; also tarts, bear claws, napoleons, puff pastries, etc.
- The food group formed by the various kinds of pastries.
- The type of light flour-based dough used in pastries.
- A place where pastry is made.
- The act or art of making pastry.