How should a company handle LIFO liquidation in an interim period when the liquidated inventory is expected

Question:

How should a company handle LIFO in an interim period when the liquidated inventory is expected to be replaced by year-end?
Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....