Banana Pancakes, LLC is a manufacturer of umbrellas. During the previous period, $780,000 of direct materials were requisitioned and $150,000 of direct labor costs were incurred in the companys manufacturing operations. The company uses actual costing to account for manufacturing overhead. The actual manufacturing overhead costs incurred totaled $640,000. The following additional information was extracted from the companys accounting records:

Cost of Goods Manufactured	$1,650,000
Operating Expenses	$410,000

Given Sales Revenue of $2,500,000 and a net decrease in Finished Goods Inventory of $50,000, calculate Operating Income for the previous period.

A.

$800,000

B.

$470,000

C.

$440,000

D.

$490,000