The ledger of Hasgrove Company has the following work in process account. Work in Process-Painting 3/1 Balance 3,420 3/31 Transferred out ? 3/31 Materials 6,240 3/31 Labor 2,700 3/31 Overhead 3/31 Balance 800 ? Production records show that there were 800 units in the beginning inventory, 30% complete, 1,200 units started, and 1,400 units transferred out. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Hasgrove uses the FIFO method to compute equivalent units. Answer the following questions.