Answer Questions 11-12 using the information below Juniper Company uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August , t returned S1,500 worth of merchandise 11. On August 16, it paid the full amount due. The amount of the cash paid on August 16 equals: A) S8,152.50. B) S9,652.50 C) S9,750.00 D) $8,250.00. E) $8,167.50 12. On August 26, it paid the full amount due. The amount of the cash paid on August 26 equals A) S8,167.50 B) S9.652.50 C) S9,750.00 D) S8,250.00. E) $8.152.50 13. A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fallen to S15 per unit. This company's current inventory consists of 200 units purchased at S16 per unit. Replacement cost has fallen to $13 per unit. Calculate the value of this company's inventory at the lower of cost or market. A) S2.550 B) S2,600 C) $2,700 D) $3,000 E) $3,200 14. The consistency concept: A) Prescribes a company use the same accounting method of inventory valuation, an exception being when a change from one method to another will improve its financial reporting. B) Requires a company to use one method of inventory valuation exclusively C) Requires that all companies in the same industry use the same accounting methods of inventory valuation. D) Is also called the full disclosure principle E) Is also called the matching principle