a chemical company produces a special industrial chemical that is a blend of three chemical ingredients. the beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (round your answers to the nearest integer.) cost per pound ($) ingredient beginning ending quantity (pounds) per 100 pounds of product a 2.50 3.45 25 b 8.75 9.90 10 c 0.99 0.95 50 (a) compute the price relatives for the three ingredients. item price relative a b c (b) compute a weighted average of the price relatives to develop a one-year cost index for raw materials used in the product. i
