A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period. Item Beer Wine Item Soft drink Beer Wine Soft drink Price Relative 115.14 2011 Quantity (cases) 35,000 5,000 120 Compute the price relatives for this company's products. (Round your answers to two decimal places.) 110 50,000 ✓ Unit Price ($) 2011 2014 17.50 20.15 100.00 120.00 8.00 8.80 Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.) weighted average of price relatives index x weighted aggregate price index

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