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Part $1$

The Corporation is an automotive supplier that uses automatic turning machines to manufacture precision parts from steel bars. $\text{'}$s inventory of raw steel averages $.$ The steel supplier is willing to supply steel in smaller lots at no additional charge.

LOADING...$($Click the icon to view additional$$ information.$)$

LOADING...$($Click the icon to view $\text{'}$s budget income statement for the year ending $31,.)$

Calculate the estimated dollar savings$($loss$)$ for the Corporation that would result in from the adoption of JIT purchasing.