Question: Shadee Corp expects to sell 560 sun visors in May and 370 in June. Each visor sells for $18 Shadee's beginning and ending finished goods

Shadee Corp expects to sell 560 sun visors in May and 370 in June. Each visor sells for $18 Shadee's beginning and ending finished goods inventories for May are 85 and 45 units, respectively. Ending finished goods Inventory for June will be 60 units. It expects the following unt sales for the third quarter July August September 575 190 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 62 percent is collected in the month of the sale, 38 percent is collected during the following month and 10 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) Avgust September Total Cash Recept
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
