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1) Shadee Corp. expects to sell 570 sun visors in May and 360 in June. Each visor sells for $15. Shadees beginning and ending finished

1) Shadee Corp. expects to sell 570 sun visors in May and 360 in June. Each visor sells for $15. Shadees beginning and ending finished goods inventories for May are 90 and 45 units, respectively. Ending finished goods inventory for June will be 60 units.

It expects the following unit sales for the third quarter:

July 500
August 450
September 430

Sixty percent of Shadees sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 36 percent is collected during the following month, and 12 percent is never collected.

Required:

Calculate Shadees total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.)

image text in transcribed

\begin{tabular}{|l|c|c|} \hline & August & September \\ \hline Total Cash Receipts & & \\ \hline \end{tabular}

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