Business, 04.08.2020 20:01 skyemichellec

Dervish Company uses LIFO for all of its inventories. During its second quarter of 2009, Dervish experienced a LIFO liquidation. Dervish fully expects to replace the liquidated inventory in the early part of the third quarter. How should Dervish report the inventory temporarily liquidated on its income statement for the second quarter

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Dervish Company uses LIFO for all of its inventories. During its second quarter of 2009, Dervish exp...