TABLE OF CONTENTS ...................................... ,. .......................... ., ............. V
LfST OF TAGLES ....................................................................................... VI
LIST OF FIGURES .................................................................................... VII
ACRON'i'ivfS ............................................................. : ................................ VII I
ABSTRACT ................................................................................................ IX
CHAPTER ONE ........................................................................................................................ l
1.0 introduction ............................................................................................. !
1.1 Background of the study ............................................................................. 1
1.2 Problc111 statc1nent. .................................................................................... 3
1.3 Scope of the study ..................................................................................... 4
1.4 Purpose of the study .................................................................................. 4
1.5 Objective of the .study ................................................................................ .4
l .6 Research questions .................................................................................... 5
1.7 Significance of the study ............................................................................. 5
l .8 Theoretical framework ................................................................................ 6
1.9 Definitions of operating terms ........................................................................ 7
CHAPTER T\YO ...................................................................................................................... i3
LITl..:RATUJZE IZEVIE\\1 ........................................................................................................ 8
2.0 Introduction ............................................................................................ 8
2.1 Critical analysis ......................................................................................... 8
\'
.·- 2.1. l First in first out. ................................................................................................................ 9
2.1.2 Lastin last()ut. ................................................................................................................ 11
2.1.3 average costing method ................................................................. :···•···• .. ·•················ I 2
2.2 Organizational profilnhility ................................................................... 13
CH APTER THREE .......... : .................................................................................................. l
