LF Corporation, a manufacturer of Mexican foods, contracted in 2020 to purchase 2,000 pounds of a spice mixture at $5.00 per pound, delivery to be made in spring of 2021. By 12/31/20, the price per pound of the spice mixture had risen to $5.70 per pound. In 2020, LF should recognize Select one: A. a gain of $600. B. no gain or loss. C. a loss of $10,000. D. a loss of $600