QUESTION 20 Bahrain Specialist Hospital has recently hired you to improve their inventory management for some of the mostly costly medicines they use. You decide that the best method to use is the...

Extracted text: QUESTION 20 Bahrain Specialist Hospital has recently hired you to improve their inventory management for some of the mostly costly medicines they use. You decide that the best method to use is the EOQ. After some analysis and research you gather the following information: Yearly sales 2,523 Cost of placing order 477 Carrying costs per order 34 Based on this calculate the EOQ