just give the final answers

Question 6 1 pts The use of the FIFO inventory flow assumptions means that: O the net income will always be higher. the oldest units are included in ending inventory. the oldest units are included in cost of goods sold. the company will eliminate the possibility of inventory obsolescence. Question 7 1 pts Which of the following is a contra asset account? allowance for doubtful accounts bad debts expense accounts receivable recoveries credit sales