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 $9,000 million and cost of goods sold was $6,700 million. At January 31, 2017, inventory was $1,600 million. During the upcoming 2018 year, suppose Toyland expects cost of goods sold to increase by 12%. The company budgets next year's ending inventory at $1,900 million. Read the requirement. Toyland should purchase million worth of inventory during the upcoming year to reach its budget.