GreenValley Ltd. has the following information for the year:
•Direct materials: $40,000
•Direct labor: $30,000
•Factory overhead: $20,000
•Work in Progress (Beginning): $8,000
•Work in Progress (Ending): $12,000
•Finished Goods (Beginning): $6,000
•Finished Goods (Ending): $9,000
Requirement: Prepare a cost of goods manufactured statement and a cost of goods sold statement for GreenValley Ltd.