Icebreaker Company $($a U$.$S$.-$based company$)$ purchases materlals from a foreign suppller on December $1,2023,$ with payment of $15,000$ dinars to be made on March $1,2024.$ The materlals are consumed immediately and recognized as cost of goods sold at the date of purchase. On December $1,2023,$ Icebreaker enters into a forward contract to purchase $15,000$ dinars on March $1,2024.$ Relevant exchange rates for the dinar on varlous dates are as follows:

$\backslash$table$[[,,$Forward Rate $($to$],[$Date$,$Spot Rate,March $1,2024)],[$December $1,2023,$$$3\mathrm{.}30,$$$3\mathrm{.}375$