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Shade Corporation expects to sell 500 sun shades in May and 330 in June. Each shades sells for $11. Shadees beginning and ending finished goods

image text in transcribedShade Corporation expects to sell 500 sun shades in May and 330 in June. Each shades sells for $11. Shadees beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades. It expects the following unit sales for the third quarter: July 545 August 460 September 460 Sixty percent of Shadees sales are cash. Of the credit sales, 52 percent is collected in the month of the sale,

Shadee Corporation expects to sell 500 sun shades in May and 330 in June. Each shades sells for $11. Shadee's beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 35 percent is collected during the following month, and 13 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

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