6&7 please!

Question 6 2 pts During a period of rising purchase prices (.e., costs) for Inventory but constant selling prices, which cost flow assumption will result in the highest gross margin? LIFO Weighted average FIFO Ethvor Weighted average or LIFO D Question 7 2 pts Armstrong Company sold merchandise with a cost of $600 to a customer for $725 on account. The Inventory reduction and the corresponding cost of goods sold were properly recorded but Armstrong failed to record the corresponding sales levenue and associated entries. What effect will the failure to record these entries have on Armstrong's accounting equation? TO ssets and total quity were understated, Total assets will be overstated and total oquity will be understated The accounting equation will not be affected Totatsies and total gully will be overstated