Question
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
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.
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
