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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
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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