E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 540 sun shades In May and 340 in June. Each shades sells for $18. Shadee's beginning and ending finished goods Inventories for May are 80 and 55 shades, respectively. Ending finished goods Inventory for June will be 60 shades. It expects the following unit sales for the third quarter: July August September 515 450 458 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 38 percent is collected during the following month, and 12 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. Answer is complete but not entirely correct. September 4,277 X Total Cash Receipts $ August 4,544 X S

E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 540 sun shades in May and 340 in June. Each shades selis for $18. Shadee's beginning and ending fintshed goods inventones for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades: It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credir sales, 50 percent is collected in the month of the sale, 38 percent is collected during the following month, and 12 percent is never collected. Requlred: Calculate Shadee's total cosh recelpts for August and September. Note: Do not round your Intermediate calculations. Round your answers to the nearest whole dollar. Answer is complete but not entiraly correct