FederalWay, Inc., is a major department store chain. The dominant portion of the companys business consists of providing merchandise and services to consumers through department stores and online. In a prior annual report, FederalWay reported cost of goods sold of $11,564 million, ending inventory for the current year of $3,267 million, and ending inventory for the previous year of $3,639 million.

Required:

Develop a reasonable estimate of the merchandise purchases for the year. (Enter your answers in millions.)