E$8-11($Algo$)$ Calculating Cash Receipts $[$LO $8-4]$

$2\mathrm{.}32$ points

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Hint

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References

Shadee Corporation expects to sell $520$ sun shades in May and $310$ in June. Each shades sells for $$18.$ Shadee's beginning and ending finished goods inventories for May are $65$ and $40$ shades, respectively. Ending finished goods inventory for June will be $60$ shades.

It expects the following unit sales for the third quarter:

$\backslash$table$[[$July$,560],[$August$,490],[$September$,420]]$

Sixty percent of Shadee's sales are cash. Of the credit sales, $52$ percent is collected in the month of the sale, $40$ percent is collected during the following month, and $8$ percent is never collected.

Required:

Calculate Shadee's total cash receipts for August and September.

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

$\backslash$table$[[,$August,September$],[$Total Cash Receipts,$8,726,7,423]]$