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E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 650 sun visors in May and 420 in June. Each visor sells for $12.
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 650 sun visors in May and 420 in June. Each visor sells for $12. Shadee's beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for thethird quarter July August September 545 470 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 36 percent is collected during the following month, and 10 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 Recelpts
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