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Shadee Corporation expects to sell 540 sun shades in May and 390 in June. Each shade sells for $147. Shadee's beginning and ending finished
Shadee Corporation expects to sell 540 sun shades in May and 390 in June. Each shade sells for $147. Shadee's beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods inventory for June will be 50 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Closures Purchased May June Shadee Corporation expects to sell 520 sun shades in May and 380 in June. Each shades sells for $14. Shadee's beginning and ending finished goods inventories for May are 85 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. It expects the following unit sales for the third quarter: July August September 515 490 460 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. es 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. August September Total Cash Receipts
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