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Shadee Corp. expects to sell 520 sun visors in May and 350 in June. Each visor sells for $15. Shadee's beginning and ending finished goods
Shadee Corp. expects to sell 520 sun visors in May and 350 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 80 and 55 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: July August September 560 490 440 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 40 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 Receipts
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