2. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. 3. Which product line yields more dollars of gross profit? 4. Which product line yields more gross profit per dollar of sales? Complete this question by entering your answers in the tabs below. Which product line yields more dollars of gross profit? 2. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. 3. Which product line yields more dollars of gross profit? 4. Which product line yields more gross profit per dollar of sales? Complete this question by entering your answers in the tabs below. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. (Round your "Gross Profit Percentage" answers to 2 decimal places.) 2. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. 3. Which product line yields more dollars of gross profit? 4. Which product line yields more gross profit per dollar of sales? Complete this question by entering your answers in the tabs below. Which product line yields more gross profit per dollar of sales? Required information E7-12 (Algo) Using FIFO for Multiproduct Inventory Transactions (Chapters 6 and 7) [LO 6-3, LO 6-4, LO 7. 3] [The following information applies to the questions displayed below] FindMe Incorporated, (Fi) has developed a coin-sized tracking tag that attaches to key rings, wallets, and other items and can be prompted to emit a signal using a smartphone app. Fi sells these tags, as well as water-resistant cases for the tags, with terms FOB shipping point. Assume F has no inventory at the beginning of the month, and it has outsourced the production of its tags and cases. FI uses FFO and has entered into the following transactions: January 2 FI purchased and received 350 tags from Xioasi Manufacturing (XM) at a cost of $10 per tag, n/25. January 4 FI purchased and received 150 cases from Bachittar. Products (BP) at a cost of 53 per case, n/20. January 6FI paid cash for the tags purchased from XM on January 2 . January 8FI malled 250 tags via the U.S. Postal Service (USpS) to customers at a price of $28 per tag, on account. January 11FI purchased and received 450 tags fron X14 at a cost of $13 per tall, n/15. January 14 FI purchased and received 250 cases from Be at a cost of $4 per case, n/20, January 16 FI paid cash for the cases purchased from BP on January 4. January 19FI rafled 210 eases via the Usps to eustomers at a price of 516 per case, on occount. January 21 FI mailed 350 tags to custoeers at a price of $28 pen tag, on account