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Shadee Corp expects to sell 610 sun visors in May and 380 in June. Each visor sells for $15. Shadee's beginning and ending finished goods
Shadee Corp expects to sell 610 sun visors in May and 380 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter. July August September see 460 440 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is dollected in the month of the sale, 37 percent is collected during the following month, and 11 percent is never collected Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answer to the nearest whole dollar.) August September Total Cash Receipts
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