Marigold Leatherworks crafts handbags from full-grain leathe…

Mаrigоld Leаtherwоrks crаfts handbags frоm full-grain leather hides. Throughout 2025, the cost of hides dropped steadily, while the number of bags in inventory stayed about the same. The controller is comparing cost flow assumptions before year-end. Compared with FIFO, using LIFO in 2025 would cause Marigold to report: