FederalWay, Incorporated, is a major department store chain. The dominant portion of the company's 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 $$11,572$ million, ending inventory for the current year of $$3,260$ million, and ending inventory for the previous year of

$$3,638$ million.

Required:

Develop a reasonable estimate of the merchandise purchases for the year.

Note: Enter your answers in millions.