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CoursHeroTranscribedText: (B) Strange Manufacturing reported the following: Revenue $460,000 Beginning inventory of direct materials, January...

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Accounting

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CoursHeroTranscribedText: (B) Strange Manufacturing reported the following: Revenue $460,000 Beginning inventory of direct materials, January 1, 2015 30,000 Purchases of direct materials 15,800 Ending inventory of direct materials, December 31, 2015 16,000 Direct manufacturing labor 26,000 Indirect manufacturing costs 42,000 Beginning inventory of finished goods, January 1, 2015 45,000 Cost of goods manufactured 97,800 Ending inventory of finished goods, December 31, 2015 41,000 Operating costs 158,000 Required: (i) What is Strange's operating income? (ii)- How much of the above would be considered period costs for Strange Manufacturing

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