PC Connection is a leading mail order retailer of personal computers. A recent financial report issued by the company revealed the following information:

Merchandise inventory (beginning of the year) $ 77 million

Merchandise inventory (end of the year) $ 70 million

Net sales for the year $ 2.15 billion

Gross profit margin 13 %

Compute the company's cost of goods sold for the year. (Enter your answer in whole dollars.)

Approximately how much inventory did PC Connection purchase during the year? (Enter your answer in whole dollars.)