E9-3 Toys "" Us is budgeting for the fiscal year ended January 31, 2000. During the pre- ceding year ended January 31, 1999, cost of goods sold was $8,191 million. Inventory stood at $1.902 million at January 31, 1999. During the upcoming 2000 year, suppose Toys "R" Us expects sales and cost of goods sold to increase by 6%. The company budgets next year's ending inventory at $2.020 million. Required How much inventory should Toys "R" Us purchase during the upcoming year in order to reach its budgeted figures? Round to the nearest $1 million.