Split Valuation & Batch Managed Material

Is it possible for a material to be Split Valuated AND Batch Managed?

The answer is Yes. It can be both Split valuated and Batch Managed.

If a material is split valuated but not batch management, then SAP shows the valuation type in the batch number field in the stock overview. SAP even creates a batch record for this valuation type in back ground (can then be seen in tables MCHA/MCH1)

If your material is batch managed and split valuated, then the valuation type is stored within the  batch record in an extra field.