diff --git a/erpnext/stock/doctype/stock_entry/stock_entry.py b/erpnext/stock/doctype/stock_entry/stock_entry.py
index f1df54d..293c2e5 100644
--- a/erpnext/stock/doctype/stock_entry/stock_entry.py
+++ b/erpnext/stock/doctype/stock_entry/stock_entry.py
@@ -1656,118 +1656,58 @@
 				)
 
 	def get_transfered_raw_materials(self):
-		transferred_materials = frappe.db.sql(
-			"""
-			select
-				item_name, original_item, item_code, sum(qty) as qty, sed.t_warehouse as warehouse,
-				description, stock_uom, expense_account, cost_center
-			from `tabStock Entry` se,`tabStock Entry Detail` sed
-			where
-				se.name = sed.parent and se.docstatus=1 and se.purpose='Material Transfer for Manufacture'
-				and se.work_order= %s and ifnull(sed.t_warehouse, '') != ''
-			group by sed.item_code, sed.t_warehouse
-		""",
+		available_materials = get_available_materials(self.work_order)
+
+		wo_data = frappe.db.get_value(
+			"Work Order",
 			self.work_order,
+			["qty", "produced_qty", "material_transferred_for_manufacturing as trans_qty"],
 			as_dict=1,
 		)
 
-		materials_already_backflushed = frappe.db.sql(
-			"""
-			select
-				item_code, sed.s_warehouse as warehouse, sum(qty) as qty
-			from
-				`tabStock Entry` se, `tabStock Entry Detail` sed
-			where
-				se.name = sed.parent and se.docstatus=1
-				and (se.purpose='Manufacture' or se.purpose='Material Consumption for Manufacture')
-				and se.work_order= %s and ifnull(sed.s_warehouse, '') != ''
-			group by sed.item_code, sed.s_warehouse
-		""",
-			self.work_order,
-			as_dict=1,
-		)
-
-		backflushed_materials = {}
-		for d in materials_already_backflushed:
-			backflushed_materials.setdefault(d.item_code, []).append({d.warehouse: d.qty})
-
-		po_qty = frappe.db.sql(
-			"""select qty, produced_qty, material_transferred_for_manufacturing from
-			`tabWork Order` where name=%s""",
-			self.work_order,
-			as_dict=1,
-		)[0]
-
-		manufacturing_qty = flt(po_qty.qty) or 1
-		produced_qty = flt(po_qty.produced_qty)
-		trans_qty = flt(po_qty.material_transferred_for_manufacturing) or 1
-
-		for item in transferred_materials:
-			qty = item.qty
-			item_code = item.original_item or item.item_code
-			req_items = frappe.get_all(
-				"Work Order Item",
-				filters={"parent": self.work_order, "item_code": item_code},
-				fields=["required_qty", "consumed_qty"],
+		for key, row in available_materials.items():
+			qty = (flt(row.qty) * flt(self.fg_completed_qty)) / (
+				flt(wo_data.trans_qty) - flt(wo_data.produced_qty)
 			)
 
-			req_qty = flt(req_items[0].required_qty) if req_items else flt(4)
-			req_qty_each = flt(req_qty / manufacturing_qty)
-			consumed_qty = flt(req_items[0].consumed_qty) if req_items else 0
-
-			if trans_qty and manufacturing_qty > (produced_qty + flt(self.fg_completed_qty)):
-				if qty >= req_qty:
-					qty = (req_qty / trans_qty) * flt(self.fg_completed_qty)
-				else:
-					qty = qty - consumed_qty
-
-				if self.purpose == "Manufacture":
-					# If Material Consumption is booked, must pull only remaining components to finish product
-					if consumed_qty != 0:
-						remaining_qty = consumed_qty - (produced_qty * req_qty_each)
-						exhaust_qty = req_qty_each * produced_qty
-						if remaining_qty > exhaust_qty:
-							if (remaining_qty / (req_qty_each * flt(self.fg_completed_qty))) >= 1:
-								qty = 0
-							else:
-								qty = (req_qty_each * flt(self.fg_completed_qty)) - remaining_qty
-					else:
-						if self.flags.backflush_based_on == "Material Transferred for Manufacture":
-							qty = (item.qty / trans_qty) * flt(self.fg_completed_qty)
-						else:
-							qty = req_qty_each * flt(self.fg_completed_qty)
-
-			elif backflushed_materials.get(item.item_code):
-				precision = frappe.get_precision("Stock Entry Detail", "qty")
-				for d in backflushed_materials.get(item.item_code):
-					if d.get(item.warehouse) > 0:
-						if qty > req_qty:
-							qty = (
-								(flt(qty, precision) - flt(d.get(item.warehouse), precision))
-								/ (flt(trans_qty, precision) - flt(produced_qty, precision))
-							) * flt(self.fg_completed_qty)
-
-							d[item.warehouse] -= qty
-
+			item = row.item_details
 			if cint(frappe.get_cached_value("UOM", item.stock_uom, "must_be_whole_number")):
 				qty = frappe.utils.ceil(qty)
 
-			if qty > 0:
-				self.add_to_stock_entry_detail(
-					{
-						item.item_code: {
-							"from_warehouse": item.warehouse,
-							"to_warehouse": "",
-							"qty": qty,
-							"item_name": item.item_name,
-							"description": item.description,
-							"stock_uom": item.stock_uom,
-							"expense_account": item.expense_account,
-							"cost_center": item.buying_cost_center,
-							"original_item": item.original_item,
-						}
-					}
-				)
+			if row.batch_details:
+				for batch_no, batch_qty in row.batch_details.items():
+					if qty <= 0:
+						continue
+
+					if batch_qty > qty:
+						batch_qty = qty
+
+					item.batch_no = batch_no
+					self.update_item_in_stock_entry_detail(row, item, batch_qty)
+
+					row.batch_details[batch_no] -= batch_qty
+					qty -= batch_qty
+			else:
+				self.update_item_in_stock_entry_detail(row, item, qty)
+
+	def update_item_in_stock_entry_detail(self, row, item, qty):
+		ste_item_details = {
+			"from_warehouse": item.warehouse,
+			"to_warehouse": "",
+			"qty": qty,
+			"item_name": item.item_name,
+			"batch_no": item.batch_no,
+			"description": item.description,
+			"stock_uom": item.stock_uom,
+			"expense_account": item.expense_account,
+			"cost_center": item.buying_cost_center,
+			"original_item": item.original_item,
+		}
+
+		if item.serial_no:
+			ste_item_details["serial_no"] = "\n".join(item.serial_no[0 : cint(qty)])
+
+		self.add_to_stock_entry_detail({item.item_code: ste_item_details})
 
 	def get_pending_raw_materials(self, backflush_based_on=None):
 		"""
@@ -2521,3 +2461,80 @@
 		)
 
 	return supplied_item_details
+
+
+def get_available_materials(work_order) -> dict:
+	data = get_stock_entry_data(work_order)
+
+	available_materials = {}
+	for row in data:
+		key = (row.item_code, row.warehouse)
+		if row.purpose != "Material Transfer for Manufacture":
+			key = (row.item_code, row.s_warehouse)
+
+		if key not in available_materials:
+			available_materials.setdefault(
+				key,
+				frappe._dict(
+					{"item_details": row, "batch_details": defaultdict(float), "qty": 0, "serial_nos": []}
+				),
+			)
+
+		item_data = available_materials[key]
+
+		if row.purpose == "Material Transfer for Manufacture":
+			item_data.qty += row.qty
+			if row.batch_no:
+				item_data.batch_details[row.batch_no] += row.qty
+
+			if row.serial_no:
+				item_data.serial_nos.extend(get_serial_nos(row.serial_no))
+		else:
+			# Consume raw material qty in case of 'Manufacture' or 'Material Consumption for Manufacture'
+
+			item_data.qty -= row.qty
+			if row.batch_no:
+				item_data.batch_details[row.batch_no] -= row.qty
+
+			if row.serial_no:
+				for serial_no in get_serial_nos(row.serial_no):
+					item_data.serial_nos.remove(serial_no)
+
+	return available_materials
+
+
+def get_stock_entry_data(work_order):
+	stock_entry = frappe.qb.DocType("Stock Entry")
+	stock_entry_detail = frappe.qb.DocType("Stock Entry Detail")
+
+	return (
+		frappe.qb.from_(stock_entry)
+		.from_(stock_entry_detail)
+		.select(
+			stock_entry_detail.item_name,
+			stock_entry_detail.original_item,
+			stock_entry_detail.item_code,
+			stock_entry_detail.qty,
+			(stock_entry_detail.t_warehouse).as_("warehouse"),
+			(stock_entry_detail.s_warehouse).as_("s_warehouse"),
+			stock_entry_detail.description,
+			stock_entry_detail.stock_uom,
+			stock_entry_detail.expense_account,
+			stock_entry_detail.cost_center,
+			stock_entry_detail.batch_no,
+			stock_entry_detail.serial_no,
+			stock_entry.purpose,
+		)
+		.where(
+			(stock_entry.name == stock_entry_detail.parent)
+			& (stock_entry.work_order == work_order)
+			& (stock_entry.docstatus == 1)
+			& (stock_entry_detail.s_warehouse.isnotnull())
+			& (
+				stock_entry.purpose.isin(
+					["Manufacture", "Material Consumption for Manufacture", "Material Transfer for Manufacture"]
+				)
+			)
+		)
+		.orderby(stock_entry.creation, stock_entry_detail.item_code, stock_entry_detail.idx)
+	).run(as_dict=1, debug=1)