which of the following is a false statement pertaining to dollar-value LIFO?

a. it includes an estimate of the change in inventory price levels

b. reported inventory amounts will be higher than the regular LIFO method in a falling price environment

c. To derive the dollar-value LIFO inventory layer added, the price index is multiplied by the LIFO inventory layer base-year cost.

d. the computation of the price index includes a base-year ending inventory cost in the denominator