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Shadee Corp, expects to sell 540 sun visors in May and 440 in June. Each visor sells for $17. Shadee's beginning and ending finished goods inventories for May are 90 and 45 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: July August September 515 500 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 39 percent is collected during the following month, and 11 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) August September Total Cash Receipts Ceder Company has compiled the following data for the upcoming year: . . Sales are expected to be 14,500 units at $50.00 each. Each unit requires 3 pounds of direct materials at $2.60 per pound. Each unit requires 1.4 hours of direct labor at $17.00 per hour. Manufacturing overhead is $3.60 per unit. Beginning direct materials inventory is $4,100.00 Ending direct materials inventory is $5,000.00 . Selling and administrative costs totaled $136,770. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted Income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Budgeted Cost of Goods Sold WILLEM III Each unit requires 3 pounds of direct materials at $2.60 per pound. Each unit requires 1.4 hours of direct labor at $17.00 per hour. Manufacturing overhead is $3.60 per unit. Beginning direct materials inventory is $4,100.00 Ending direct materials inventory is $5,000.00 Selling and administrative costs totaled $136,770. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP. Budgeted Income Statement Budgeted Gross Margin Budgeted Net Operating Income