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Shadee Corporation expects to sell 620 sun shades in May and 410 in June. Each shodes sells for $16. Shadee's beginning and ending finished goods
Shadee Corporation expects to sell 620 sun shades in May and 410 in June. Each shodes sells for $16. Shadee's beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 70 shades: It 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 recelpts for August and September. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar
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