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Need help on this ASAP Funtime Industries prepares budgets to help manage the company. Funtime is budgeting for the fiscal year ended January 31, 2018.

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Funtime Industries prepares budgets to help manage the company. Funtime is budgeting for the fiscal year ended January 31, 2018. During the preceding year ended January 31, 2017, sales totaled $9,400 million and cost of goods sold was $6,800 million. At January 31,2017 , inventory was $1,500 million. During the upcoming 2018 year, suppose Funtime expects cost of goods sold to increase by 16%. The company budgets next year's ending inventory at $1,800 million. Read the requirement. Funtime should purchase $ million worth of inventory during the upcoming year to reach its budget

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