Icebreaker Company $($a U$.$S$.-$based company$)$ purchases materials from a foreign supplier on December $1,2023,$ with payment of $18,000$ dinars to be made on March $1,2024.$ The materials 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 $18,000$ dinars on March $1,2024.$ Relevant exchange rates for the dinar on various dates are as follows:

$+40$

$\backslash$table$[[$Date$,$Spot Rate,Forward Rate $($to$],[$March $1,2024),,],[$December $1,2023,$$$3\mathrm{.}60,$$$3\mathrm{.}675$