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The Jump Incorporated, is a specialty retaller that operates stores selling clothes under various trade names. Assume that you are employed as a stock analyst

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The Jump Incorporated, is a specialty retaller that operates stores selling clothes under various trade names. Assume that you are employed as a stock analyst and your boss has just completed a review of The Jump Incorporated, for the first quarter of 2019 . She provided you with her notes, but they are missing some information that you need. Her notes show the inventory for Jump was \\( \\$ 2,330 \\) million at the end of the quarter and \\( \\$ 2,220 \\) million at the beginning of the quarter. Net Sales for the quarter were \\( \\$ 4,150 \\) million. Gross Profit was \\( \\$ 1,520 \\) million and Net Income was \\( \\$ 317 \\) million. Required: Determine the Cost of Goods Sold and cost of purchases for the first quarter. (Enter your answers in millions.)

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