The following information is available for Ace Company for 2021: Disbursements for purchases $1,150,000 Increase in trade accounts payable 75,000 Decrease in merchandise inventory 30,000 Costs of...

The following information is available for Ace Company for 2021:


                  Disbursements for purchases                                                             $1,150,000
                  Increase in trade accounts payable                                                          75,000
                  Decrease in merchandise inventory                                                          30,000


            Costs of goods sold for 2021 was