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Shadee Corporation expects to sell 590 sun shades in May and 450 in June. Each shades sells for $11. Shadee's beginning and ending inished goods
Shadee Corporation expects to sell 590 sun shades in May and 450 in June. Each shades sells for $11. Shadee's beginning and ending inished goods inventories for May are 70 and 40 shades, respectively. Ending finished goods inventory for June will be 60 shades. t expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent is collected during the following month, and 9 percent is never collected. 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
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