How To Fix KE351 - Valuation with material cost estimate: error with product "&1"

KE351 - Overview

• Message type: E = Error

• Message class: KE -

• Message number: 351

• Message text: Valuation with material cost estimate: error with product "&1"

What causes this issue?

In Profitability Analysis (CO-PA), the system tried to read a
<ZH>previous standard cost estimate</> while valuating with material
cost estmates.
To determine the <ZH>previous plan period</>, the system needs to
interpret the valuation segment of the material master record.
The system has found that the previous plan period for material <ZH>"
&V1&"</> has not been maintained in plant <ZH>"&V2&"</>.

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

<DS:TRAN.MM03>Display material (View: Costing)</>
The system tried to find the material cost estimate using costing key
<ZH>"&V3&"</> as defined in the
<DS:SIMG.SIMG_CFMENUORKEKE40>Customizing settings</> for CO-PA.

System Response

The document cannot be processed any further.

How to fix this error?

Contact your system administrator.

Error message extract from SAP system. Copyright SAP SE.

KE351 - Details

• The SAP error message KE351 indicates that there is an issue with the valuation of a product during the material cost estimate process. This error typically arises in the context of controlling (CO) and product costing modules when the system encounters a problem with the valuation of a material or product.
  Cause of Error KE351
  
  Missing or Incorrect Cost Estimate: The material may not have a valid cost estimate, or the cost estimate may not be correctly configured.
  Valuation Class Issues: The valuation class assigned to the material may not be set up correctly, leading to issues in determining the cost.
  Master Data Issues: There may be missing or incorrect master data related to the material, such as the material master record or the accounting view.
  Costing Variant Configuration: The costing variant used for the material may not be properly configured or may not match the requirements for the valuation.
  Currency Issues: There may be discrepancies