SAP Message 29129 - Item status not supported

Diagnosis
You are working on the detail screen Item: Status/long text andwant to enter an item for which no data is maintained via the usage.One of the following situations triggered this error message:
In table T416, all indicators which define item status are defined asoptional entries for the chosen BOM usage.
No default values for the item status of this usage are defined intable T416V, and you have not entered an indicator either.
You have deleted the default values for the item status and have notset any new ones.

Procedure
Enter an indicator for the item status.