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E8-11 (Algo) Calculating Cash Receipts [LO 8-4) Shadee Corp. expects to sell 620 sun visors in May and 340 in June. Each visor sells for
E8-11 (Algo) Calculating Cash Receipts [LO 8-4) Shadee Corp. expects to sell 620 sun visors in May and 340 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 65 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 August 545 450 460 September 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. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) August September Total Cash Receipts
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