Major Brands, Inc., a clothing retailer, started the quarter with an inventory valued at $27.5 million. During the quarter, it purchased new merchandise for $115.6 million. The accountant estimated the cost of goods sold for the quarter at $125.7 million. On the quarterly balance sheet, Major Brands will report ending inventory of ________ million.

$37.6

$17.4

$27.5

$10.1