Exercise 63 Understanding Inventory Cost Flows (LOG-2, LOG-5, L06-8) PC Connection is a leading mailorder 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) $ T9 million Merchandise inventory (end of the year) $ 91 million Net sales for the year 52.45 billion Gross profit margin 13 X [ o. Compute the company's cost of goods sold for the year. b. Approximately how much inventory did PC Connection purchase during the year? Cost of goods sold b. Purchases