SAP Message 12123 - No valuation type exists for material &1 in plant &2

Diagnosis
Material &V1& is subject to split valuation in plant &V2&
. You therefore have to assign an existing valuation type to everybatch of this material in plant &V2&. However, no valuationtypes exist for material &V1& in plant &V2&
.

Procedure
Create the required valuation types for material &V1& in plant&V2& before you enter batches for this material.