E$8-11($Algo$)$ Calculating Cash Recelpts $[$LO $8-4]$

Shadee Corporation expects to sell $520$ sun shades in May and $310$ in June. Each shades sells for $\backslash$$$11.$ Shadee's beginning and ending finished goods inventories for May are $85$ and $55$ shades, respectively. Ending finished goods inventory for June will be $65$ shades.

It expects the following unit sales for the third quarter:

Sixty percent of Shadee's sales are cash. Of the credit sales, $54$ percent is collected in the month of the sale, $36$ percent is collected during the following month, and $10$ percent is never collected.

Requlred:

Calculate Shadee's total cash receipts for August and September.

Note: Do not round your Intermedlate calculatlons. Round your answers to the nearest whole dollar.

Answer is complete but not entirely correct.