diff --git a/erpnext/manufacturing/doctype/bom/bom.py b/erpnext/manufacturing/doctype/bom/bom.py
index c39a5b7..13bf087 100644
--- a/erpnext/manufacturing/doctype/bom/bom.py
+++ b/erpnext/manufacturing/doctype/bom/bom.py
@@ -54,7 +54,7 @@
 	def get_item_det(self, item_code):
 		item = frappe.db.sql("""select name, is_asset_item, is_purchase_item,
 			docstatus, description, is_sub_contracted_item, stock_uom, default_bom,
-			last_purchase_rate, standard_rate, is_manufactured_item
+			last_purchase_rate, is_manufactured_item
 			from `tabItem` where name=%s""", item_code, as_dict = 1)
 
 		return item
@@ -111,8 +111,6 @@
 					frappe.throw(_("Please select Price List"))
 				rate = frappe.db.get_value("Item Price", {"price_list": self.buying_price_list,
 					"item_code": arg["item_code"]}, "price_list_rate") or 0
-			elif self.rm_cost_as_per == 'Standard Rate':
-				rate = arg['standard_rate']
 
 		return rate
 
diff --git a/erpnext/manufacturing/doctype/bom_item/bom_item.json b/erpnext/manufacturing/doctype/bom_item/bom_item.json
index fbf478c..0231a70 100644
--- a/erpnext/manufacturing/doctype/bom_item/bom_item.json
+++ b/erpnext/manufacturing/doctype/bom_item/bom_item.json
@@ -1,5 +1,5 @@
 {
- "creation": "2013-02-22 01:27:49.000000", 
+ "creation": "2013-02-22 01:27:49", 
  "docstatus": 0, 
  "doctype": "DocType", 
  "fields": [
@@ -79,7 +79,8 @@
    "fieldtype": "Float", 
    "in_list_view": 1, 
    "label": "Rate", 
-   "permlevel": 0
+   "permlevel": 0, 
+   "reqd": 1
   }, 
   {
    "fieldname": "col_break2", 
@@ -133,9 +134,12 @@
  ], 
  "idx": 1, 
  "istable": 1, 
- "modified": "2014-02-03 12:47:39.000000", 
+ "modified": "2014-05-29 15:56:31.859868", 
  "modified_by": "Administrator", 
  "module": "Manufacturing", 
  "name": "BOM Item", 
- "owner": "Administrator"
+ "owner": "Administrator", 
+ "permissions": [], 
+ "sort_field": "modified", 
+ "sort_order": "DESC"
 }
\ No newline at end of file
diff --git a/erpnext/stock/doctype/item/item.json b/erpnext/stock/doctype/item/item.json
index 0e12cd2..92c16f8 100644
--- a/erpnext/stock/doctype/item/item.json
+++ b/erpnext/stock/doctype/item/item.json
@@ -441,16 +441,6 @@
   }, 
   {
    "depends_on": "eval:doc.is_purchase_item==\"Yes\"", 
-   "fieldname": "standard_rate", 
-   "fieldtype": "Float", 
-   "label": "Standard Rate", 
-   "oldfieldname": "standard_rate", 
-   "oldfieldtype": "Currency", 
-   "permlevel": 0, 
-   "read_only": 0
-  }, 
-  {
-   "depends_on": "eval:doc.is_purchase_item==\"Yes\"", 
    "fieldname": "column_break2", 
    "fieldtype": "Column Break", 
    "oldfieldtype": "Column Break", 
@@ -835,7 +825,7 @@
  "icon": "icon-tag", 
  "idx": 1, 
  "max_attachments": 1, 
- "modified": "2014-05-21 15:37:30.124881", 
+ "modified": "2014-05-29 16:05:53.126214", 
  "modified_by": "Administrator", 
  "module": "Stock", 
  "name": "Item", 
diff --git a/erpnext/stock/report/item_prices/item_prices.py b/erpnext/stock/report/item_prices/item_prices.py
index 0d5539e..d2da54f 100644
--- a/erpnext/stock/report/item_prices/item_prices.py
+++ b/erpnext/stock/report/item_prices/item_prices.py
@@ -7,7 +7,7 @@
 
 def execute(filters=None):
 	if not filters: filters = {}
-	
+
 	columns = get_columns(filters)
 	item_map = get_item_details()
 	pl = get_price_list()
@@ -19,34 +19,33 @@
 	precision = get_currency_precision() or 2
 	data = []
 	for item in sorted(item_map):
-		data.append([item, item_map[item]["item_name"], 
-			item_map[item]["description"], item_map[item]["stock_uom"], 
-			flt(last_purchase_rate.get(item, 0), precision), 
-			flt(val_rate_map.get(item, 0), precision), 
-			pl.get(item, {}).get("Selling"), 
-			pl.get(item, {}).get("Buying"), 
-			flt(bom_rate.get(item, 0), precision), 
-			flt(item_map[item]["standard_rate"], precision)
+		data.append([item, item_map[item]["item_name"],
+			item_map[item]["description"], item_map[item]["stock_uom"],
+			flt(last_purchase_rate.get(item, 0), precision),
+			flt(val_rate_map.get(item, 0), precision),
+			pl.get(item, {}).get("Selling"),
+			pl.get(item, {}).get("Buying"),
+			flt(bom_rate.get(item, 0), precision)
 		])
-	
+
 	return columns, data
 
 def get_columns(filters):
 	"""return columns based on filters"""
-	
-	columns = ["Item:Link/Item:100", "Item Name::150", "Description::150", "UOM:Link/UOM:80", 
-		"Last Purchase Rate:Currency:90", "Valuation Rate:Currency:80",	"Sales Price List::80", 
-		"Purchase Price List::80", "BOM Rate:Currency:90", "Standard Rate:Currency:100"]
+
+	columns = ["Item:Link/Item:100", "Item Name::150", "Description::150", "UOM:Link/UOM:80",
+		"Last Purchase Rate:Currency:90", "Valuation Rate:Currency:80",	"Sales Price List::80",
+		"Purchase Price List::80", "BOM Rate:Currency:90"]
 
 	return columns
 
 def get_item_details():
 	"""returns all items details"""
-	
+
 	item_map = {}
-	
+
 	for i in frappe.db.sql("select name, item_name, description, \
-		stock_uom, standard_rate from tabItem \
+		stock_uom from tabItem \
 		order by item_code", as_dict=1):
 			item_map.setdefault(i.name, i)
 
@@ -57,42 +56,42 @@
 
 	rate = {}
 
-	price_list = frappe.db.sql("""select ip.item_code, ip.buying, ip.selling, 
-		concat(ip.price_list, " - ", ip.currency, " ", ip.price_list_rate) as price 
-		from `tabItem Price` ip, `tabPrice List` pl 
+	price_list = frappe.db.sql("""select ip.item_code, ip.buying, ip.selling,
+		concat(ip.price_list, " - ", ip.currency, " ", ip.price_list_rate) as price
+		from `tabItem Price` ip, `tabPrice List` pl
 		where ip.price_list=pl.name and pl.enabled=1""", as_dict=1)
 
 	for j in price_list:
 		if j.price:
 			rate.setdefault(j.item_code, {}).setdefault("Buying" if j.buying else "Selling", []).append(j.price)
 	item_rate_map = {}
-	
+
 	for item in rate:
 		for buying_or_selling in rate[item]:
-			item_rate_map.setdefault(item, {}).setdefault(buying_or_selling, 
+			item_rate_map.setdefault(item, {}).setdefault(buying_or_selling,
 				", ".join(rate[item].get(buying_or_selling, [])))
-	
+
 	return item_rate_map
 
 def get_last_purchase_rate():
 
 	item_last_purchase_rate_map = {}
 
-	query = """select * from (select 
+	query = """select * from (select
 					result.item_code,
 					result.base_rate
 					from (
-						(select 
+						(select
 							po_item.item_code,
 							po_item.item_name,
 							po.transaction_date as posting_date,
-							po_item.base_price_list_rate, 
-							po_item.discount_percentage, 
+							po_item.base_price_list_rate,
+							po_item.discount_percentage,
 							po_item.base_rate
 						from `tabPurchase Order` po, `tabPurchase Order Item` po_item
 						where po.name = po_item.parent and po.docstatus = 1)
 						union
-						(select 
+						(select
 							pr_item.item_code,
 							pr_item.item_name,
 							pr.posting_date,
@@ -114,8 +113,8 @@
 	"""Get BOM rate of an item from BOM"""
 
 	item_bom_map = {}
-	
-	for b in frappe.db.sql("""select item, (total_cost/quantity) as bom_rate 
+
+	for b in frappe.db.sql("""select item, (total_cost/quantity) as bom_rate
 		from `tabBOM` where is_active=1 and is_default=1""", as_dict=1):
 			item_bom_map.setdefault(b.item, flt(b.bom_rate))
 
@@ -125,8 +124,8 @@
 	"""Get an average valuation rate of an item from all warehouses"""
 
 	item_val_rate_map = {}
-	
-	for d in frappe.db.sql("""select item_code, 
+
+	for d in frappe.db.sql("""select item_code,
 		sum(actual_qty*valuation_rate)/sum(actual_qty) as val_rate
 		from tabBin where actual_qty > 0 group by item_code""", as_dict=1):
 			item_val_rate_map.setdefault(d.item_code, d.val_rate)