Chapter 7 - Inventories and Cost of Goods Sold (Gr. 6 Saved The following information applies to the questions displayed below.) Part102 FindMe Inc. F) has developed a coin-sized tracking tag that attaches to key rings, wallets, and other items and cm be prompted to emit a signal using a smartphone app. Fl sells these tags, as well as water resistant cases for the thos, 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: points Jan. 21 PI purchased and received 310 tags from Xioasi Manufacturing (M) at a cost of $8 per tag. /15. Jan. 4. PI purchased and received 110 cases from Bachittar Products (BP) at a cost of $3 per case, n/20. Jan. 6: FI paid cash for the tags purchased from XM on Jan. 2. Jan. 8: mailed 210 tags via the U.S. Postal Service (USPS) to customers at a price of $28 per tag on account. Jan.11: PI purchased and received 410 tags from X at a cost of $11 per tag Jan. 14. TI purchased and received 210 cases from BP at a cost of $4 per case, Jan. 161 TI paid cash for the cases purchased from BP on Jan. 4. Jan. 191 TL salled 170 cases via the USPS to customers at a price of $15 per case, on account. Jan.211 TL sailed 310 tags to customers at a price of $28 per tag. Prepare your entries for each of the bove dates, assuming Tuses a perpetual inventory system of me entry is required for a transaction select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 . 5 6 7 8 9 10 11 12 Record the cost of goods of the 310 tags sold. Wong 511