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Serene Corporation, an auto parts retailer, had 18,000 units of brake calipers on...

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Accounting

Serene Corporation, an auto parts retailer, had 18,000 units of brake calipers on hand at the end of 2019. The company's inventory policy is to maintain an ending inventory equal to 20% of the current year's sales. During 2020, Serene sold 220,000 units of calipers. How many units did Serene purchase in 2020?

Multiple Choice

246,000.

220,000.

206,400.

203,800.

Answer & Explanation Solved by verified expert
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