E$8-11($Algo$)$ Calculating Cash Receipts $[$L$08-4]$

Shadee Corp. expects to sell $540$ sun visors in May and $400$ in June. Each visor sells for $$17.$ Shadee's beginning and ending finished goods inventories for May are $85$ and $55$ units, respectively. Ending finished goods inventory for June will be $55$ units.

It expects the following unit sales for the third quarter:

$\backslash$table$[[$July$,500],[$August$,490],[$September$,420]]$

Sixty percent of Shadee's sales are cash. Of the credit sales, $50$ percent is collected in the month of the sale, $36$ percent is collected during the following month, and $14$ 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.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[,$August,September$],[$Total Cash Receipts,$$,7,863ox,$$$,6,740ox$