Toyland Industries prepares budgets to help manage the company. Toyland is budgeting for the fiscal year ended January 31,2018 . During the preceding year ended January 31,2017 , sales totaled $9,600 million and cost of goods sold was $6,200 million. At January 31,2017 , inventory was $2,000 million. During the upcoming 2018 year, suppose Toyland expects cost of goods sold to increase by 16%. The company budgets next year's ending inventory at $2,300 million. Read the requirement. Toyland should purchase million worth of inventory during the upcoming year to reach its budget