Carpenter Entity (CE) incurred the following expenditures in producing a dinner table for sale to a furniture store: (10 points)

Purchase price of lumber	$100
Discount on purchase	10
Freight on purchase	25
Refundable purchase tax	5
After-sales warranty costs	5
Wages of carpenters	75
Wages of workshop supervisor	50
Workshop utilities	3
Wage of front office receptionist	15
Marketing costs	10

Calculate the cost of the inventory and make the entry to record the inventory cost.