Which of the following statements regarding inventory is false? Multiple Choice Inventory cost should be written down if the cost is more than the net realizable value of the inventory. Managers are incentivized to use LIFO if they receive a bonus based on reporting larger net income (assume costs are rising). High Tech electronic inventory items are more likely to be written down for impairment than regular consumer goods such as soap or toilet paper. The Specific Identification costing method cannot be used for homogeneous inventory (inventory that is not unique).