Washington Distribution Co. has determined its December 31, 2020, inventory on a FIFO basis at $240,000. Information pertaining to that inventory follows: Estimated selling $255,000 price Estimated cost of 10,000 disposal Normal profit 30,000 margin Washington records losses that result from applying the lower of cost and net realizable value rule. At December 31, 2020, the loss that Washington should recognize is A) $0. B) $15,000. C) $25,000. D) $5,000.