The following statements relate to costing. Choose all of the statements that are true: For a manufacturing entity, cost of sales in an income statement correlates with the full cost of a product calculated under management accounting. Market-based pricing is a pricing method that seeks to establish prices at what the customer is willing to pay. Period costs are non-manufacturing costs that are expensed in the current reporting period. If product costs are not accurately determined, there is a risk of a business charging an inappropriate selling price for their products. In a manufacturing business, advertising would be classified as a product cost