Which of the Following Is False Concerning the Lower-Of-Cost-Or-Net Realisable

Which of the following is false concerning the lower-of-cost-or-net realisable value rule when it is applied to the valuation of inventory?

A) Inventory must be written up (increased) if the net realisable value of ending inventory is greater than the cost of ending inventory as estimated using the LIFO method.
B) Inventory must be written down (decreased) if the net realisable value of ending inventory is less than the cost of ending inventory as estimated using the average cost method.
C) Inventory must be written down (decreased) if the current market cost of ending inventory is less than the cost of ending inventory as estimated using the FIFO method.
D) Writedowns (decreases) are more common in times of rising prices when FIFO is used.

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