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Chapter 7 Connect Assignment Help Save & Exit Submit Chack my work 4 Required information Part 2 af2 The following information applies to the questions displayed below rindMe Inc , H) has developed e coin-sized tracking tag that attaches to key rings, wallets, anc 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 icr "is OB shluplny poin1. Assurrie n has no ''vuniory 8t the beginning of the month and it has outsourced the production ot Its tegs and cases. Hl uses HIFO and has entered into the tollowing transactions: 142 Jar. 2: purchased and received 200 ts from Xiuds Maruf: turine (XM) at 8 cost of $11 per tag, n/15 Dan. 6: FI paid cash for the tags purchased fron XM on Jan. 2 an. 8: FI mailed 160 tags via the U.S. Postal Service (USP5) to customers at a price of $34 per tag, on account Jan.11: FI purchased and received 300 tags fron XM at a cost of $14 per tag, n/15 an.14: FI purchased and received 180 cases fron BP at a cost of $3 per case, n/28 an. 16: FI poid cash for the cascs urchased from EP on an. 4. Dan. 19: FI nailcd ce cases via the LSPS to custo crs at price of 13 per case, on account. an. 21: FI nailed 28 tags to custoners at pricc of $34 per tag 2 Calculate the dollars or gross profit and the gross profit percentage rrom selling tacan cases 3. Whlch product llne 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. Required 2 Required Required4 Calculate the dollars of gross profit and the gross proft percentage from selling taqs and cases. (Round your "Gross Profit Percentageanswnrs tn2 decimal places.) Cress Pro rose Protc Percentage Required 2 Required 3> Next>