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Serene Corporation had 31,000 units of brake calipers on hand at the end of 2015....

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Accounting

Serene Corporation had 31,000 units of brake calipers on hand at the end of 2015. The company's inventory policy was to maintain an ending inventory equal to 20% of the current year's sales. During 2016, Serene sold 350,000 units of calipers. How many units did Serene purchase in 2016?

rev: 08_30_2017_QC_CDR-39

326,000.

389,000.

350,000.

322,100.

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