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E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 520 sun visors in May and 330 in June. Each visor sells for $12.

E8-11 Calculating Cash Receipts [LO 8-4]

Shadee Corp. expects to sell 520 sun visors in May and 330 in June. Each visor sells for $12. Shadees beginning and ending finished goods inventories for May are 70 and 55 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter:

July 545
August 490
September 430

Sixty percent of Shadees 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.

Calculate Shadees total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.)

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