ugar Co. is a sugar producer. Sugar owns the sugar cane plants, and the canes are harvested and processed into sugar annually. At the time of harvest, the company had incurred $700,000 in operating costs to grow and cut the canes. The selling price at the point of harvest was $600,000. Various additional costs to be incurred are broker commissions to sell the cane representing 3% of the sale, commodity exchange fees of $8,000, and storage costs of $25,000. At the time of harvest, what amount should Sugar use to report the harvested cane on its statement of financial position? Question 3 options: a) $549,000 b) $582,000 c) $700,000 d) $574,000