=+SA 18-1 Ethics and professional conduct in business Chapter 18 Managerial Accounting Concepts and Principles 851 Gretchen MacCauley is in the process of replacing a deck on her home and has requisitioned lumber for personal use, which has been approved in accordance with company policy. In computing the cost of the lumber, Gretchen reviewed all the purchase invoices for the past year. She then used the lowest price to compute the amount due the company for the lumber.

Discuss whether Gretchen behaved in an ethical manner.