On April 2nd, Kelvin sold $50,000 of Inventory items on credit with the terms 1/10, n/30. If gross method was used to record the sales (cash) discounts, Kelvin should record $50,000 of "accounts receivable" on April 2nd. $500 of "sales discount forfeited" when the entire account was collected on April 20th $500 of "sales discount" when the entire account was collected on April 20th. $49,500 of "accounts receivable" on April 2nd. Bear Company had the following balances and transactions during 2020. Beginning inventory 10 units at $10 per unit March 10 sold 8 units for $24 per unit June 10 purchased 20 units at $16 per unit October 30 sold 15 units for $32 per unit What would the company's ending inventory amount be on the December 31, 2020 balance sheet if the FIFO cost assumption is used under a periodic inventory system? O$ 70 O$ 91 $112 $100