Question 1 TrustWorth is a private corporation formed for the purpose of providing products to sell PPE equipment and ventilators. It also maintains a division that provides installation and warranty, which services all government health institutions throughout Trinidad and Tobago. As all companies, Trust Worth would like to expand to have a large share of the market by providing extending sales to the Caribbean. Their sales focus is on superior products and after-sales service. A partial list of TrustWorth's accounts and their balances for the month of August 2021 are as follows. (15 Marks) Details Materials used in production Depreciation on plant Cash Depreciation on Machinery Salaries paid to sales clerks Accounts Receivable Raw Materials Inventory Aug. 31st Work in Process Beg. Aug. Ist Finished Goods Beg. Amounts Details $90,000 Advertising expense 18,400 Property taxes on plant 30,000 Factory supplies used 14,000 Delivery expense 25,000 Sales 58,000 Prepaid Insurance 16,000 Sales commissions 12,400.00 Direct Labour 85,000.00 Finished Goods Ending Amounts 45,500.00 13,500.00 20,000.00 21,000.00 1,000,000.00 24,000.00 35,000.00 125,000.00 37,200.00 > Total Manufacturing Overhead 25% of Direct Materials Ending Work in Process 3% Direct Materials Required: a. Compute the total manufacturing overhead cost for August month. (4 Marks) b. Compute cost of goods manufactured August month. (4 1/2 Marks) c. Compute a partial Income Statement through to Gross Profit for August (4 Marks) d. Compute the Current Assets section of the Balance Sheet as at August. (2 42 Marks)