The following is the adjusted trial balance for Miller Company. 
Prepare closing entries and the post-closing trial balance.
Definitions:
Purely Competitive
A market structure characterized by an infinite number of buyers and sellers, products that are identical, and no control over the market price by individual firms.
Marginal Product
Represents the additional output that can be produced by adding one more unit of a specific input, keeping other inputs constant.
Productivity
A measure of the efficiency of production, often quantified as the ratio of outputs (goods and services) produced per input used (such as labor, materials, and capital).
Resource
An economic or productive factor required to accomplish an activity, often considered in terms of time, labor, capital, and materials.
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