92. RS Corporation, a manufacturer of ethnic foods, contracted in 2014 to purchase 600 pounds of a spice mixture at $5.00 per pound, delivery to be made in spring of 2015. By 12/31/14, the price per pound of the spice mixture had risen to $5.40 per pound. In 2014, RS should recognize a loss of $3,000. a loss of $240. no gain or loss. a gain of $240. 9.0.6.9