How to cost process old inventory transactions where respective periods are Closed

The cost accounting distributions got stuck with below error message
'The transaction wasn't processed because the cost processor can't determine the output costs.' Item cost was defined with effective date later than the onhand stock loaded transaction date.
We verified the setup, the cost profile is enabled with 'Enforce Processing of Costs by Transaction Date'.
There are records with transaction date from Oct-2022 which are stuck like this. Customer has used the sweep transactions option and closed the
old periods, so that only the current period will be open.

We are planning to disable the above setup to get the transactions costed.