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Templeton Industries prepares budgets to help manage the company. Templeton is budgeting for the fiscal year ended January 31, 2018. During the preceding year ended

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Templeton Industries prepares budgets to help manage the company. Templeton is budgeting for the fiscal year ended January 31, 2018. During the preceding year ended January 31, 2017, sales totaled $9,800 million and cost of goods sold was $6,900 million. At January 31, 2017, inventory was $1,900 million. During the upcoming 2018 year, suppose Templeton expects cost of goods sold to increase by 10%. The company budgets next year's ending inventory at $2,200 million. Read the requirement. Templeton should purchase $ TA million worth of inventory during the upcoming year to reach its budget

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