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? multiple choicea. $20 million. b. $17 million. c. $14 million. d. none of these answer choices are correct.
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