Which of the following statements regarding the dollar-value LIFO inventory method is FALSE?

a.Under the dollar-value LIFO method, it is possible to have the entire inventory in only one pool.

b.Dollar-value LIFO is more likely to result in erosion of inventory layers than is a quantity of goods LIFO approach.

c.The costs of applying dollar-value LIFO is often less than the cost of applying a quantity of goods LIFO approach.

d.Under the dollar-value LIFO method, a layer is formed only when the ending inventory at base-year prices exceeds the beginning inventory at base-year prices.