Use V-O keys to navigate. Sweet Co. is a sugar producer. Sweet 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 Sweet use to report the harvested cane on its statement of financial position? A. $549,000 B. $582,000 C. $700,000 D. $574,000 Report an error