JIT purchasing, relevant benefits, relevant costs. $($CMA$,$ adapted$)$ The Gibson Corporation is a manufacturing company that uses automatic stamping machines to manufacture garage doors from rolled sheets of raw steel. Gibson$$s inventory of raw steel averages $$600,000.$ Juan Sanchez, president of Gibson, and Jane Anderson, Gibson$$s controller, are concerned about the costs of carrying inventory. The steel supplier is willing to supply steel in smaller lots at no additional charge. Anderson identifies the following effects of adopting a JIT inventory program to virtually eliminate steel inventory: $$ Without scheduling any overtime, lost sales due to stockouts would increase b