Joe's widgets, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Beginning Inventory (Jan.1) 16 widgets@$10 each Purchase Jan. 11 14 widgets @$12 each Sale Jan. 14 25 widgets@$20 each Assuming that the company uses the FIFO flow assumption, the ending inventory to be recorded January 31 is