Which of the Following Was the Largest of the Communal

question 34

Multiple Choice

Which of the following was the largest of the communal utopian experiments in the United States during the first half of the nineteenth century?

• A) Brook Haven
• B) The Davidians
• C) The Shakers
• D) New Harmony

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Definitions:

Direct Labor

The wages and other costs for labor directly involved in the production of goods or provision of services.

Weighted Average Method

An inventory valuation method where costs of goods sold and ending inventory are determined by taking the weighted average of all units available for sale during the period.

Work in Process Inventory

Inventory that includes goods that are in the production process but are not yet complete.

Equivalent Units

A concept used in process costing that converts partially completed units into a number of fully equivalent units.