Shadee Corp. expects to sell 630 sun visors in May and 370 in June. Each...
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Shadee Corp. expects to sell 630 sun visors in May and 370 in June. Each visor sells for $14. Shadees beginning and ending finished goods inventories for May are 80 and 40 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: July 530 August 460 September 440 Sixty percent of Shadees sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 37 percent is collected during the following month, and 9 percent is never collected. Required: Calculate Shadees total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.)
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