7.

Shadee Corporation expects to sell 650 sun shades in May and 310 in June. Each shades sells for $17. Shadees beginning and ending finished goods inventories for May are 70 and 50 shades, respectively. Ending finished goods inventory for June will be 55 shades.

It expects the following unit sales for the third quarter:

July. 575

August. 450

September. 430

Sixty percent of Shadees 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 Shadees total cash receipts for August and September.

Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar.

1. Total Cash Receipts: August ____ September ____