Which of the following statements is false regarding the choice between alternative inventory costing methods?

		Each alternative method provides for the same amount of cost of goods available for sale to be allocated between ending inventory and cost of goods sold.
		In terms of current costs, FIFO presents a more realistic balance sheet; whereas LIFO presents a more realistic income statement.
		Companies sometimes choose FIFO because it is easier and less expensive to implement; whereas LIFO is often chosen for the tax benefits.
		Companies sometimes choose FIFO because it presents a more realistic income statement in terms of current market values.