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CMN Incorporated uses LFO and has experienced increasing costs since iss founding. CMN disclosed that the LFO reserve (also known as the LIFO allowance) at

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CMN Incorporated uses LFO and has experienced increasing costs since iss founding. CMN disclosed that the LFO reserve (also known as the LIFO allowance) at the end of 2024 was $50 milion. The balance sheet showed ending inventory of $18.6 million at the end of 2024 . What would the ending inventory have been it CMN had awoys used FlFO? Murtiple chace $275 maion $196 mition 3+36 mation None of the omer mister choces are contid

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