Which of the following statements regarding inventory accounting is false?

• The inventory carrying cost should include storage costs.

• The use of computerized optical scanning equipment has led to the adoption of perpetual inventory systems in high-volume settings.

• Inventory carrying cost should include transportation costs that are paid by the purchaser.

• A manufacturing firm that uses a just-in-time system, and wants to avoid stock-outs if possible, would prefer a periodic inventory system.