When It Rains, It Pours, 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

company's 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 company's accounting records:

Given a net decrease in Finished Goods Inventory of $$50,000,$ calculate Operating Income for the

previous period.

a$.$ $$440,000$

b$.$ $$800,000$

c$.$ $$490,000$

d$.$ $$470,000$

e$.$ $$390,000$