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Does the deferral violate the GAAP and is it ethical?

Accounting Question:
The manager of Mickel, Inc., which uses the LIFO method to account for inventory, called its supplier and asked that its inventory delivery scheduled for December 30 be deferred until January. Though the manager did not tell the supplier this, the goal was to report the coasts of the older, lower priced items that remained in inventory as cost of goods sold instead of those of the newer, more expensive inventory items that were on order. The manager was concerned that the profit would be lower than usual unless something was done to increase it before the end of the year.

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