A company incurred the following costs related to the production of inventory in the current year:

Cost of materials$100,000Cost of direct labor60,000Allocation of variable overhead costs30,000Allocation of fixed overhead costs (based on normal production levels)25,000Storage costs (after production, prior to sale_2,000Selling costs8,000The cost of materials included abnormal waste of $10,000. What is the cost of inventory in the current year?

$190,000

$205,000

$215,000

$217,000