Pharoah Corparation, a manufacturer of ethnic foods, contracted in 2020 to purchase 520 pounds of a spice mixture at $2.60 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 $2.93 per pound, In 2020. Pharoah ghould recognize: No gainor loss. again of 517160 a loss of $17160 alloss of $155200