Valuation record & & & does not exist

What causes this issue?

For material &V1& valuation type &V3& does not exist.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

INCLUDE NA_EINGABE_PRUEFEN
To see a list of valuation records for the material, use F4 on the
"Batch" field, or in transaction MIGO in the "Valuation Type" field.

Error message extract from SAP system. Copyright SAP SE.