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Randi is a practitioner of crystal healing: the use of different crystals to treat medical disorders ranging from headaches to cancer.Crystal healers like Randi use scientific terminology (e.g. ,energy,vibrations,etc.) when explaining the technique to patients,but do not use the scientific method to develop or test their claims.Crystal healing can be best categorized as a(n)
Work in Process Inventory
Items currently undergoing production but have not yet reached completion.
Lower of Cost
A principle requiring that inventory be recorded at the lower of its historical cost or current market value.
Net Realisable Value
The estimated selling price in the ordinary course of business minus any costs necessary to make the sale, used primarily in inventory valuation.
Inventory Accounts
Accounts used in accounting to track the cost of the inventory held by a business until it is sold or otherwise disposed of.
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