On June $1,2020,$ Moore Inc. entered into a noncancelable contract to purchase $100,000$ units of raw

materials inventory at $$60$ per unit, which is the current market price of the inventory at that date. The

contract period extends for one year from the date of its inception. Moore's accounting period ends

December $31.$ On December $31,2020,$ raw materials were being sold for $$58$ per unit. What loss, if any,

should Moore recognize on December $31,2020?$

Select one:

a$.$ $$116,667$

b$.$ $$100,000$

c$.$ $$200,000$

d$.$ $$0$