diff --git a/erpnext/assets/doctype/asset_repair/asset_repair.js b/erpnext/assets/doctype/asset_repair/asset_repair.js
index 18454fe..1e4c4e0 100644
--- a/erpnext/assets/doctype/asset_repair/asset_repair.js
+++ b/erpnext/assets/doctype/asset_repair/asset_repair.js
@@ -69,18 +69,23 @@
 
 frappe.ui.form.on('Asset Repair Consumed Item', {
 	item_code: function(frm, cdt, cdn) {
-		var row = locals[cdt][cdn];
+		var item = locals[cdt][cdn];
 
-		frappe.call ({
-			method: "erpnext.assets.doctype.asset_repair.asset_repair.get_valuation_rate",
+		let item_args = {
+			'item_code': item.item_code,
+			'warehouse': frm.doc.warehouse,
+			'qty': item.consumed_quantity,
+			'serial_no': item.serial_no,
+			'company': frm.doc.company
+		}
+
+		frappe.call({
+			method: 'erpnext.stock.utils.get_incoming_rate',
 			args: {
-				"item_code": row.item_code,
-				"warehouse": frm.doc.warehouse
+				args: item_args
 			},
 			callback: function(r) {
-				if(r.message) {
-					frappe.model.set_value(cdt, cdn, 'valuation_rate', r.message);
-				}
+				frappe.model.set_value(cdt, cdn, 'valuation_rate', r.message);
 			}
 		});
 	},
diff --git a/erpnext/assets/doctype/asset_repair/asset_repair.py b/erpnext/assets/doctype/asset_repair/asset_repair.py
index d5e3d3c..36848e9 100644
--- a/erpnext/assets/doctype/asset_repair/asset_repair.py
+++ b/erpnext/assets/doctype/asset_repair/asset_repair.py
@@ -256,36 +256,3 @@
 def get_downtime(failure_date, completion_date):
 	downtime = time_diff_in_hours(completion_date, failure_date)
 	return round(downtime, 2)
-
-@frappe.whitelist()
-def get_valuation_rate(item_code, warehouse):
-	last_valuation_rate = frappe.get_all(
-		"Stock Ledger Entry",
-		filters = {
-			"item_code": item_code,
-			"warehouse": warehouse,
-			"valuation_rate": [">=", 0],
-			"docstatus": ["<", 2]
-		},
-		pluck = "valuation_rate",
-		order_by = "posting_date desc, posting_time desc, name desc"
-	)
-
-	if last_valuation_rate:
-		return last_valuation_rate[0]
-	else:
-		valuation_rate = frappe.db.get_value("Item", item_code, "valuation_rate")
-
-		if not valuation_rate:
-			# try Item Standard rate
-			valuation_rate = frappe.db.get_value("Item", item_code, "standard_rate")
-
-			if not valuation_rate:
-				# try in price list
-				valuation_rate = frappe.db.get_value(
-					"Item Price",
-					dict(item_code=item_code, buying=1),
-					"price_list_rate"
-				)
-
-		return valuation_rate