Inventory control is primarily concerned with optimizing inventory balances so that net income is optimized.  This is achieve through providing the right quantity.  One looking from the accounting point of view, the criteria to be borne in mind are the value of the Inventory, its susceptibility to misappropriation and the useable life.
    Therefore an adequate system of control must aim at retaining inventory at appropriate level; safe-guarding inventory against loss or misuse; ensuring that inventory is properly used in business operations and that it is daily accounted for; eliminating delivery of incorrect inventory as regards type, quantity and quantity; controlling movement of issues and for sales of inventory per product, precautions of the passing of invoices for payment without the receipt of the inventory and the precaution of goods being changed at incorrect prices.
    It is reusable therefore, that top management formulate inventory policies that will gives rises to optimum inventory investment, promote efficiency, and control errors, fraud and waste.

TITLE PAGE                                 II
APPROVAL                                 III
DEDICATION                                IV
ACKNOWLEDGEMENT                         V
TABLE OF CONTENTS                         VI
LIST OF ILLUSTRATIONS/TABLES            

CHAPTER ONE:
1.1    INTRODUCTION                         1
1.2    THE STATEMENT OF THE PROBLEM             1
1.3    THE NEED FOR THE STUDY                 3
1.4    THE PURPOSE OF THE STUDY                 5
1.5    RESEARCH HYPOTHESIS                     5
1.6    THE SCOPE OF THE STUDY                 6
1.7    RESEARCH METHODOLOGY                 6
1.8    LIMITATION OF THE STUDY                 7
1.9    ORGANIZATION OF THE STUDY                 8
1.10    OPERATIONAL DEFINITION OF TERMS         9

CHAPTER TWO:
2.0    INVENTORY CONTROL AND INVENTORY VALUATION 12
2.1    NATURE OF INVENTORY                    12
2.2    INVENTORY CONTROL                     16
2.3    ACQUISITION AND ISSUE OF MATERIALS         40
2.4    BASIC INVENTORY CONTROL SYSTEMS         43
2.5    FACTORS THAT AFFECT INVENTORY CONTROL
 SYSTEMS 49                               
2.6    INVENTORY CONTROL METHODS             49
2.7    INVENTORY VALUATION SYSTEMS            
2.8    INVENTORY VALUATION METHODS             53
2.9    FACTORS AFFECTING INVENTORY VALUATION     DECISIONS                            57
2.10    THE CONCEPT OF VIABILITY                 60


CHAPTER THREE
3.1    SELECTION OF DATA                        62
3.2    COLLECTION OF DATA                     64
3.3    TOOLS OF DATA ANALYSIS                 66
3.4    RELIABILITY OF DATA                     67

CHAPTER FOUR: DATA PRESENTATION ANALYSIS
4.1    DATA PRESENTATION AND ANALYSIS        68
4.2    HYPOTHESIS TESTING                     86

CHAPTER FIVE:
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1    SUMMARY                             100
5.2    CONCLUSION                             101
5.3    RECOMMENDATION                         102

BIBLIOGRAPHY                                107
APPENDICES                                109