SAP Message /CWM/CO009 - No valid price could be determined for material & in plant &

Diagnosis
The system could not determine a valid inventory price forcalculation of the planned credit of the order formaterial &V1& in plant &V2&.

System Response
The system could not calculate the planned credit.

Procedure
If no valid standard price existsfor material &V1& in plant &V2&, proceed as follows:
Create a standard cost estimate for material &V1&in plant &V2&.
Execute a price update for this cost estimate.
Change the inventory price.
If a valid standard price exists, carry out thelast step only.
Then execute order costing again.