8 Part 2 of 2 01352 Required information {The following information applies to the questions displayed below. FindMe Inc., (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. Fl sells these tags, as well as water-resistant cases for the tags, with terms FOB shipping point. Assume Fl has no Inventory at the beginning of the month, and it has outsourced the production of its tags and cases. Fl uses FIFO and has entered into the following transactions: Jan. 2: FI purchased and received 260 tags from Xioasi Manufacturing (XM) at a cost of $7 per tagn/15. Jan. 4: FI purchased and received 60 cases from Bachittar Products (BP) at a cost of $2 per case, n/20. Jan. paid cash for the tags purchased from XM on Jan. 2. Jan. 8: FI mailed 160 tags via the U.S. Postal Service (USPS) to customers at a price of $30 per tant, on account. Jan. 11: FI purchased and received 360 tags from XM at a cost of $10 per tat, n/15 Jan. 14: FI purchased and received 160 cases from BP at a cost of $3 per case, n/20. Jan. 16: FI paid cash for the cases purchased from BP on Jan. 4. Jan. 19. FI mailed 120 cases via the USPS to customers at a price of $15 per case, on account Jan. 21: FI mailed 260 tags to customers at a price of $30 per tag: 2. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. 3. Which product line ylelds more dollars of profit? 4. Which product line yields more profit per dollar of sales? Complete this question by entering your answers in the tabs below Round Regled Required 4 8. Jan. 4. I purchase anu receive ou cases trium bachellar ProLCLS (DP) at a cost u case, n/20 Jan. 6: FI paid cash for the tags purchased from XM on Jan. 2. Jan. 8: FI mailed 160 tags via the U.S. Postal Service (USPS) to customers at a pri $30 per tae, on account. Jan.11: FI purchased and received 360 tags from XM at a cost of $10 per tag, n/15. Jan. 14: FI purchased and received 160 cases from BP at a cost of $3 per case, n/20. Jan.16: FI paid cash for the cases purchased from BP on Jan. 4. Jan. 19: FI mailed 120 cases via the USPS to customers at a price of $15 per case, on account. Jan. 21: FI mailed 260 tags to customers at a price of $30 per tag- Part 2 of 2 01:35.02 2. Calculate the dollars of gross profit and the gross profit pe 3. Which product line yields more dollars of profit? 4. Which product line yields more profit per dollar of sales? ntage from selling tags and cas Complete this question by entering your answers in the tabs below. Required 2 Required 2 Required 4 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.) Tags Cases Gross Profit Gross Profit Percentage Required 3 > 00 Part 2 of 2 2 portaseu onu receiveu Lou Laysium Aluat nonuial LUI per tag, n/15. Jan. 4: FI purchased and received 60 cases from Bachittar Products (BP) at a case, n/20. Jan. 6: FI paid cash for the tags purchased from XM on Jan. 2. Jan. 8: FI mailed 160 tags via the U.S. Postal Service (USPS) to customers at $30 per tag, on account. Jan. 11: FI purchased and received 360 tags from XM at a cost of $10 per tag, Jan. 14: FI purchased and received 160 cases from BP at a cost of $3 per case Jan. 16: FI paid cash for the cases purchased from BP on Jan. 4. Jan. 19: FI mailed 120 cases via the USPS to customers at a price of $15 per account. Jan. 21: FI mailed 260 tags to customers at a price of $30 per tag. 8 012450 2. Calculate the dollars of gross profit and the gross profit percentage from selling tags 3. Which product line yields more dollars of profit? 4. Which product line yields more profit per dollar of sales? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 which product line yields more dollars of profit? Tags Cases 00 Part 2 of 2 caALUSELE 15 ANOS per tag, n/15. Jan. 4: FI purchased and received 60 cases from Bachittar Products (BP) at a cost of $2 case, n/20. Jan. 6: FI paid cash for the tags purchased from XM on Jan. 2. Jan. 8: FI mailed 160 tags via the U.S. Postal Service (USPS) to customers at a price $30 per tag, on account. Jan. 11: FI purchased and received 360 tags from XM at a cost of $10 per tag, n/15. Jan. 14: FI purchased and received 160 cases from BP at a cost of $3 per case, n/20. Jan. 16: FI paid cash for the cases purchased from BP on Jan. 4. Jan. 19: FI mailed 120 cases via the USPS to customers at a price of $15 per case, on account Jan. 21: FI mailed 260 tags to customers at a price of $30 per tag. 01444 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 profit? 4. Which product line yields more profit per dollar of sales? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Which product line yields more profit per dollar of sales? Tags Cases