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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 510 sun visors in May and 370 in June. Each visor sells for
E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 510 sun visors in May and 370 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter: July August September 545 490 430 percent is collected in the month of the sale, 38 percent is collected Sixty percent of Shadee's sales are cash. Of the credit sales, during the following month, and 12 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
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