Gai 8 Industries has determined its June 30, 20XY inventory on a FIFO basis at $ 250000. Information pertaining to that inventory follows:

Selling price $ 255000

Cost to sell $ 10000

Cost to complete $ 30000

Gai 8 records losses that result from applying the lower-of-cost-or-net realizable value rule.

At June 30 2022, how much loss would the company recognize from the decline in inventory method?