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Shadee Corp. expects to sell 510 sunvisors in May and 430 in June. Each visor sells for $18. Shadees beginning and ending finished goods inventory
Shadee Corp. expects to sell 510 sunvisors in May and 430 in June. Each visor sells for $18. Shadees beginning and ending finished goods inventory for May or 60 and 60 units, respectively. Ending finished goods inventory for June will be 50 units.
It expects the following unit sales for the third quarter:
July: 545
August: 490
September: 420
60% of Shadees sales are cash. Of the credit cells, 54% is collected in the month of the sale, 38% is collected during the following month, and 8% is never collected.
Required:
Calculate Shadees total cash receipts for August and September. (do not round your intermediate calculations. Round your answer to the nearest whole dollar)
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