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