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Sean, if your organization manufactors the items to be donated, you should use the funding to cover the manufactoring costs (restricted funding would be fully draw down by actual expenses incurred).
My thinking is if a book costs $10 to manufactor and is sold for $15, a $15,000 donation would allow for for the donation of 1,500 books, not only 1,000. Otherwise, you received $15,000 in donated revenue and only consumed $10,000 of it, leaving $5,000 of restricted revenue on your books.
I am open to others perspectives on this as I have not managed this situation myself and I am not a CPA.
With gratitude,
Dave