Green PolkaDot, Inc. (GPDB)

[Toxic Avenger]

LOL, yeah allocated overhead is the overhead related DIRECTLY to the production and distribution of the revenues generated. It's not G & A. It also is not remaining inventory "The costs of those goods not yet sold are deferred as costs of inventory until the inventory is sold or written down in value."

And the part of the definition you missed, "Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. "
Once again, not G & A overhead.

And finally, just to bring it home, "Cost of goods purchased for resale includes purchase price as well as all other costs of acquisitions,[5] excluding any discounts.

Additional costs may include freight paid to acquire the goods, customs duties, sales or use taxes not recoverable paid on materials used, and fees paid for acquisition. For financial reporting purposes such period costs as purchasing department, warehouse, and other operating expenses are usually not treated as part of inventory or cost of goods sold. "