Physical Inventory in WM

Hi Gurus,

In Continuous Inventory and Cycle Count (WM) can we do Physical Inventory by Material ?

Example: I have 2 Storage Locations, 10 Storage Types and 20 Bins. I have 1000 Materials. Material A is stored at multiple places. I wnat to take a Physical Inventory for Material A only. I don't want to block the complete storage type, bin or storage location for just one material.

Is it possible? I'm using 4.7

Thanks for your help.

Gary