Use the following information regarding Black Company and Red Company to answer the question "Which of the following is Red Company's "cost of goods sold" for 2014 (to the closest dollar) ?" 
Definitions:
Petty Cash Fund
A small amount of cash kept on hand for minor and incidental expenses.
Q57: Failure to prepare an adjusting entry at
Q60: Closing entries:<br>A) are prepared before the financial
Q77: Under the LCM basis, market is defined
Q105: The inventory turnover is calculated by dividing
Q128: As a recent graduate of State University
Q157: If the amount of uncollectible account expense
Q182: Radical Radials Company has the following inventory
Q190: An adjusting entry can include a:<br>A) debit
Q221: A low number of days in inventory
Q311: If prepaid costs are initially recorded as