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Required information The following information applies to the questions displayed below.) Find Me Inc. (FI) has developed a coin-sized tracking tag that attaches to key

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Required information The following information applies to the questions displayed below.) Find Me 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 tag. 1/15 Jan. 4. FI purchased and received 60 cases from Rachittar Products (BP) at a cost of $2 per case, /20. Jan. 6: PI 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 tag on account. Jan. 11. FI purchased and received 360 tags from XM at a cost of $10 per tag, n/15. Jan.14: PI purchased and received 160 cases from RP 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 the USPS to customers at a price of $15 per case, on account. Jan.21: PI mailed 260 tags to custoners 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 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. 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 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.) Cases Gross Profit Gross Profit Percentage Required 3 >

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