home / study / business / accounting / accounting questions and answers / CMN Inc. Uses LIFO And Has Experienced Increasing Costs Since Its Founding. CMN Disclosed That ... Question: CMN Inc. uses LIFO and has experienced increasing costs since its founding. CMN disclosed that th... CMN Inc. uses LIFO and has experienced increasing costs since its founding. CMN disclosed that the LIFO reserve (also known as the LIFO allowance) at the end of 2018 was $3 million. The balance sheet showed ending inventory of $17 million at the end of 2018. What would the ending inventory have been if CMN had always used FIFO?