PC Connection is a leading mail-order retailer of personal computers. A recent financial report issued by the company revealed the following information. (Enter your answer in whole dollars.)

Merchandise inventory (beginning of the year)	$	79	million
Merchandise inventory (end of the year)	$	91	million
Net sales for the year	$	2.46	billion
Gross profit margin		13	%

a. Compute the company's cost of goods sold for the year.

b. Approximately how much inventory did PC Connection purchase during the year?