Part of 2 14.28 points Required information E7-12 (Static) 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) TrackR, Incorporated, (TI) 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. Ti sells these tags, as well as water-resistant cases for the tags, with terms FOB shipping point. Assume T has no inventory at the beginning of the month, and it has outsourced the production of its tags and cases. Tuses FIFO and has entered into the following transactions JANUARY 21 purchased and received 300 tage from Kicas Manufacturing (x) a cost of 9 per tay, 1/15 wary purchased and received 100 cases from achittar Products P) cont of 67 per case, /20. January paid cantor e perched from M on January January 11 falled 300 Via the ... postal Service (UPS) to custom price of 530 per tan count January 11 TI purchased and received 40 tage front a cost of 112 per ta. /15. January 16 I purchased and received 200 caserosa cont of 13 per case, /30. January 16 TI paid cah for the case purchased from on January 4. January 19 TI led 160 e via the USPS to customers at a price of 510 percase, on account January 21 mailed 300 tage to customer price of 530 per tay, on account 00 Prin References E7-12 (Static) Part 1 Required: 1. Prepare journal entries for each of the above dates, assuming Tl uses a perpetual inventory system of no entry is required for a transaction/event, select "No journal entry required in the first account field.) 4 Required information 2 1. Prepare journal entries for each of the above dates, assuming Tiuses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) 14.28 View transaction that Journal entry worksheet 12 5 8 7 8 4 1 2 Record the purchase of 300 tags 1 Note des before credits Date January 02 Credit beb General Journal Welce Record Clear vir View general Journal BB Next >