Question

A certain manufacturing company has the following data on quantities shipped and unit costs for each...

A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products.

Products Base-Period
Quantities (Year 1)
Mean Shipping Cost
per Unit ($)
Year 1 Year 5
A 2,500 10.50 15.90
B 5,000 16.25 33.00
C 7,000 12.20 16.40
D 2,500 20.00 35.50

Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,500, 3,000, 7,500, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.)

I5 =

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