diff --git a/erpnext/stock/stock_ledger.py b/erpnext/stock/stock_ledger.py
index 53bfed8..4748ad4 100644
--- a/erpnext/stock/stock_ledger.py
+++ b/erpnext/stock/stock_ledger.py
@@ -749,7 +749,7 @@
 			stock_value_difference = incoming_rate * actual_qty
 			self.wh_data.stock_value += stock_value_difference
 		else:
-			outgoing_rate = _get_batch_outgoing_rate(item_code=sle.item_code, warehouse=sle.warehouse, batch_no=sle.batch_no, posting_date=sle.posting_date, posting_time=sle.posting_time, creation=sle.creation)
+			outgoing_rate = get_batch_incoming_rate(item_code=sle.item_code, warehouse=sle.warehouse, batch_no=sle.batch_no, posting_date=sle.posting_date, posting_time=sle.posting_time, creation=sle.creation)
 			stock_value_difference = outgoing_rate * actual_qty
 			self.wh_data.stock_value += stock_value_difference
 
@@ -915,7 +915,7 @@
 		['item_code', 'warehouse', 'posting_date', 'posting_time', 'timestamp(posting_date, posting_time) as timestamp'],
 		as_dict=1)
 
-def _get_batch_outgoing_rate(item_code, warehouse, batch_no, posting_date, posting_time, creation):
+def get_batch_incoming_rate(item_code, warehouse, batch_no, posting_date, posting_time, creation=None):
 
 	batch_details = frappe.db.sql("""
 		select sum(stock_value_difference) as batch_value, sum(actual_qty) as batch_qty
@@ -948,7 +948,6 @@
 		return batch_details[0].batch_value / batch_details[0].batch_qty
 
 
-
 def get_valuation_rate(item_code, warehouse, voucher_type, voucher_no,
 	allow_zero_rate=False, currency=None, company=None, raise_error_if_no_rate=True, batch_no=None):
 
diff --git a/erpnext/stock/utils.py b/erpnext/stock/utils.py
index 3be252e..e2bd2f1 100644
--- a/erpnext/stock/utils.py
+++ b/erpnext/stock/utils.py
@@ -209,13 +209,28 @@
 @frappe.whitelist()
 def get_incoming_rate(args, raise_error_if_no_rate=True):
 	"""Get Incoming Rate based on valuation method"""
-	from erpnext.stock.stock_ledger import get_previous_sle, get_valuation_rate
+	from erpnext.stock.stock_ledger import (
+		get_batch_incoming_rate,
+		get_previous_sle,
+		get_valuation_rate,
+	)
 	if isinstance(args, str):
 		args = json.loads(args)
 
-	in_rate = 0
+	voucher_no = args.get('voucher_no') or args.get('name')
+
+	in_rate = None
 	if (args.get("serial_no") or "").strip():
 		in_rate = get_avg_purchase_rate(args.get("serial_no"))
+	elif args.get("batch_no") and \
+			frappe.db.get_value("Batch", args.get("batch_no"), "use_batchwise_valuation", cache=True):
+		in_rate = get_batch_incoming_rate(
+			item_code=args.get('item_code'),
+			warehouse=args.get('warehouse'),
+			batch_no=args.get("batch_no"),
+			posting_date=args.get("posting_date"),
+			posting_time=args.get("posting_time"),
+		)
 	else:
 		valuation_method = get_valuation_method(args.get("item_code"))
 		previous_sle = get_previous_sle(args)
@@ -226,8 +241,7 @@
 		elif valuation_method == 'Moving Average':
 			in_rate = previous_sle.get('valuation_rate') or 0
 
-	if not in_rate:
-		voucher_no = args.get('voucher_no') or args.get('name')
+	if in_rate is None:
 		in_rate = get_valuation_rate(args.get('item_code'), args.get('warehouse'),
 			args.get('voucher_type'), voucher_no, args.get('allow_zero_valuation'),
 			currency=erpnext.get_company_currency(args.get('company')), company=args.get('company'),