Nike, Inc. provided the following data for its manufacturing operations for the fiscal year ending December 31, 2024:

• Direct materials used: $4,000,000
• Direct labor costs: $2,500,000
• Manufacturing overhead: $1,500,000
• Beginning work in process inventory: $700,000
• Ending work in process inventory: $800,000
• Beginning finished goods inventory: $1,200,000
• Ending finished goods inventory: $1,000,000

Prepare the cost of goods manufactured statement and cost of goods sold statement for Nike, Inc. for the fiscal year ending December 31, 2024.