Valuation of Inventory Methods in the Industrial Companies in Yemen

This study investigates methods of evaluation of Inventory in the Industrial Companies in Taiz city of Yemen during the period 2015-2016. 70 questionnaires were distributed to the CFOs and officials on the stores and some accountants in industrial companies. Data analysis through the Statistical Package for Social Sciences (SPSS) was the use of scientific statistical methods "Frequencies and percentages". The results findings indicate that the industrial companies are used the automated controls on the inventory, not facing difficulties in the selection of the appropriate methods in the accounting of inventory, used the periodic inventory system, the weighted average method is the most commonly method, used the method of cost or market and in the process of inventory in the presence of chartered accountant and form a special committee. Based on the findings the study suggested that for consistency and uniformity all firms within the Industry should value and report their inventory using FIFO method.