E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 610 sun visors in May and 360 in June. Each visor sells for $16. Shadee's beginning and ending finished goods inventories for May are 80 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July August September August 515 470 430 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. (Do not round your Intermediate calculations. Round your answers to the nearest whole dollar.) August September Total Cash Receipts Hints References eBook & Resources Hint #1 Check my work
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