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E8-11(Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 510 sun...

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Accounting

E8-11(Algo) Calculating Cash Receipts [LO 8-4]
Shadee Corporation expects to sell 510 sun shades in May and 310 in June. Each shades sells for $11. Shadee's beginning and ending finished goods inventories for May are 85 and 50 shades, respectively. Ending finished goods inventory for June will be 55 shades.
It expects the following unit sales for the third quarter:
\table[[July,560],[August,440],[September,430]]
Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 40 percent is collected during the following month, and 8 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.
\table[[,August,September],[Total Cash Receipts,,]]
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