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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 550 sun shades in May and 410 in June. Each shades sells for

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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 550 sun shades in May and 410 in June. Each shades sells for $12. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 55 shades. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales ore cash. Of the credit sales, 50 percent is collected in the month of the sale. 35 percent is collected during the following month, and 15 percent is never collected. Required: Calculate Shadee's total cash recelpts for August and September. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar

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