Prior to the beginning of the year, Stapleton Company estimated that it would incur $$76,500$ of manufacturing overhead cost during the year, using $8,500$ direct labor hours to produce the desired volume of goods. On January $1,$ the year, beginning balances of Materials Inventory, Work in Process Inventory, and Finished Goods Inventory were $$24,000,$$$-0-$ and $$43,500,$ respectively.

Required

Prepare general journal entries to record the following for the year.

a$.$ Purchased materials on account, $$158,000.$