3610573 - Unable to expand the sales order stock folder in transaction CKM3

In tcode CKM3, when trying to expand sales order stock/project stock folder, system pops up the error -

Data in internal interface not able to be processed
Message No. C+701

• SAP S/4HANA
• Controlling (CO)

project stock, batch, controlling, c+059, ckm3n, s4core 101, s4core 108, s/4hana, SAP Note, No valuation types found for material, sales order, valuation Type, split valuation, split valuated, Valuation category, Account Assignment, mb51,  Movement type 645, valuation category 'X'. , KBA , CO-PC-ACT , Actual Costing , Problem