Raleigh Co. has determined its December 31, 2020, inventory on a FIFO basis, at $940.000. Information pertaining to that inventory follows: Estimated selling price $1,000,000 Estimated cost of disposal 30.000 Normal profit margin 120,000 Current replacement cost 890.000 Raleigh records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2020, the loss that Raleigh should recognize is $30.000 $50.000. e $90.000. $0