QUESTIONS Hal's Shoes, 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 pairs @ $10 each Purchase Jan. 11 14 pairs @ $12 each Sale Jan. 14 25 pairs $20 each Assuming that the company uses the average Cost flow assumption, the cost of goods sold to be recorded at January 14 is (round your cost per unit to the nearest cent)