Icebreaker Company $($a U$.$S$.-$based company$)$ purchases materials from a foreign supplier on December $1,2023,$ with payment of $28,000$ 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 $28,000$ dinars on March $1,2024.$ Relevant exchange rates for the dinar on various dates are as follows:

$\backslash$table$[[$Date$,$Spot Rate,$\backslash$table$[[$Forward Rate $($to$],[$March $1,2024)]]],[$December $1,2023,$$$4\mathrm{.}60,$$$4\mathrm{.}675$