Part C $-$ Ethics

Meow Cat Food Ltd$\text{'}$s production manager Jill James has been under pressure from senior management to improve divisional profitability $($which is also incidentally linked to her performance bonus$).$ Jill is required to attend an upcoming meeting to explain the average performance. She approaches the management accountant Rachel Moses with the following request: "Rachel, I am under pressure to lift divisional performance. This is going to happen as the summer months approach, but I need a little time. I want you to do me a favour. Could you prepare the January monthlies using FIFO method instead of the weighted average method currently used? I know that it is just as acceptable a method, and the lift in profit it shows will give me the time I need to carry over to the profitable summer season."

Required:

If you were Rachel, would you agree to Jill's request? Clearly explain your reasons for either agreeing or disagreeing. $($Hint: Refer to the Appendix to Chapter $1$ of the textbook$).$

$(6$ marks$)$