Sales Order Lines Cancelled, But those lines are shown as pending transactions

Hi,

Please i need a solution for the following scenario:

Sales Order Lines picked then cancelled, But those lines are still shown in the pending transactions screen. their MO_LINE_STATUS is "Canceled by Source" and MO_TYPE is "Pick Wave".

Would the Cancel Allocations option fix the pending transactions lines? will it revert the on hand quantity? will it have any impact on the cost calculation? Will it have any impact on the reconciliation process?

Thanks,

Robert