In the early 1990s, the top executive of a large oil refining company was convicted of financial statement fraud. One of the issues in the case involved the way the company accounted for its oil inventories. The company would purchase crude oil from exploration companies and then process the oil into finished oil products, like jet fuel or diesel fuel. Because there was a ready market for these finished products, as soon as the company purchased the crude oil, it would value its oil inventory at the selling prices of the finished products less the cost to refine the oil. This type of accounting was questioned because it allowed the company to recognize profit before the actual sale (and even refining) of the oil. Nevertheless, one of the large CPA firms attested to the use of this method. If you were the judge in this case, would you be critical of this accounting practice?