M6-4 Inferring Purchases Using the Cost of Goods Sold Equation [LO 6-3] Dillard's, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarter report, the company reported Cost of Goods Sold of $880 million, ending inventory for the third quarter of $1,900 million, and ending inventory for the previous quarter of $1,500 million. Estimate merchandise purchases for the third quarter. (Enter your answer in millions.) Merchandise Purchases million