Valuation data does not exist for material & &

What causes this issue?

Valuation data does not exist in the <GL:material_master>material
master</> for this material in the <GL:valuation_area>valuation area
</>.

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?

Please inform your system administrator.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.