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Shadee Corp. expects to sell 590 sun visors in May and 320 in June. Each visor sells for $10. Shadee's beginning and ending finished goods
Shadee Corp. expects to sell 590 sun visors in May and 320 in June. Each visor sells for $10. Shadee's beginning and ending finished goods inventories for May are 80 and 60 units, respectively. Ending finished goods inventory for June will be 65 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, 38 percent is collected during the following month, and 12 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.) Total Cash Receipts August September
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