At 30 June 2017 the Fair Value of WineCo's Vineyard

At 30 June 2017 the fair value of WineCo's vineyard is €2.5 million. At 30 June 2017 the following information is available: $\begin{array} { l l } \text { Fair value of vines prior to harvest at 31 March 2017 } & € 3,100,000 \\\text { Fair value of grapes harvested at 31 March 2017 } & € 500,000 \\\text { Estimated costs to sell - grapes } & € 10,000 \\\text { Estimated costs to sell - vines } & € 20,000\end{array}$
The entry to recognise the grapes at the point of harvest is:

A) $\begin{array} { l l l l } \text { DR } &\text { Agricultural produce } - \text { grapes } & 500,000\\\text { CR } &\text { Biological asset - vines }& 500,000 & \\\end{array}$
B) $\begin{array}{lll}\text { DR } & \text {Agricultural produce - grapes } &510,000\\\text { CR } & \text { Cash } & 10,000 \\\text { CR } & \text { Biological asset - vines } & 500,000\end{array}$
C) DR $\quad$ Agricultural produce - grapes $\quad 500,000$
CR $\quad$ Profit \& loss $\quad 500,000$
D) $\begin{array}{lll}\text { DR}&\text { Agricultural produce - grapes } & 490,000 \\\text { CR}&\text { Profit \& loss } & 490,000\end{array}$