E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 580 sun visors...
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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 580 sun visors in May and 310 in June. Each visor sells for $16. Shadee's beginning and ending finished goods inventories for May are 65 and 40 units, respectively. Ending finished goods inventory for June will be 70 units. It expects the following unit sales for the third quarter: July August September 500 480 450 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. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) August September Total Cash Receipts
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