AquaTech Ltd. has the following data:
•Direct materials: $30,000
•Direct labor: $25,000
•Factory overhead: $15,000
•Work in Progress (Beginning): $6,000
•Work in Progress (Ending): $8,000
•Finished Goods (Beginning): $10,000
•Finished Goods (Ending): $12,000
Requirement: Prepare a cost of goods manufactured statement and a cost of goods sold statement for AquaTech Ltd. Also, calculate the ending inventory value of finished goods.