Error in MIGO with reference of PO

Hi,
I am doing MIGO with reference of purchase order and getting error.
Sales price for 000000000000000694 could not be found
Message no. M7158
Diagnosis
The sales price valuation is active in the valuation area.
The system could not determine a sales price on the specified posting
date for material 000000000000000694 in unit of entry in plant .
Sales price conditions may not be defined for the material in plant .
Can any body help me.
Regards,
Ravindra

The sales price valuation is activated in the valuation area in question and the system does not find a sales price for the material in question.
Solution
1. Please define the necessary sales prices if you want to carry out    the inventory management with valuation for sales prices within R/3    Retail.
2. Otherwise, deactivate the valuation for sales prices for the    valuation area in question using transaction SM32 in table T001K.
Or
You may want to check the OSS note 109881 if you are in release 4.0 or earlier.

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