diff --git a/erpnext/public/js/controllers/transaction.js b/erpnext/public/js/controllers/transaction.js
index 2655a771d71..e662744957c 100644
--- a/erpnext/public/js/controllers/transaction.js
+++ b/erpnext/public/js/controllers/transaction.js
@@ -1512,6 +1512,31 @@ erpnext.TransactionController = class TransactionController extends erpnext.taxe
 		}
 	}
 
+	batch_no(frm, cdt, cdn) {
+		let row = locals[cdt][cdn];
+		if (row.use_serial_batch_fields && row.batch_no) {
+			var params = this._get_args(row);
+			params.batch_no = row.batch_no;
+			params.uom = row.uom;
+
+			frappe.call({
+				method: "erpnext.stock.get_item_details.get_batch_based_item_price",
+				args: {
+					params: params,
+					item_code: row.item_code,
+				},
+				callback: function(r) {
+					if (!r.exc && r.message) {
+						row.price_list_rate = r.message;
+						row.rate = r.message;
+						refresh_field("rate", row.name, row.parentfield);
+						refresh_field("price_list_rate", row.name, row.parentfield);
+					}
+				}
+			})
+		}
+	}
+
 	toggle_item_grid_columns(company_currency) {
 		const me = this;
 		// toggle columns
diff --git a/erpnext/stock/get_item_details.py b/erpnext/stock/get_item_details.py
index 4e4f088f502..388093ad62d 100644
--- a/erpnext/stock/get_item_details.py
+++ b/erpnext/stock/get_item_details.py
@@ -10,7 +10,7 @@ from frappe.model import child_table_fields, default_fields
 from frappe.model.meta import get_field_precision
 from frappe.model.utils import get_fetch_values
 from frappe.query_builder.functions import IfNull, Sum
-from frappe.utils import add_days, add_months, cint, cstr, flt, getdate
+from frappe.utils import add_days, add_months, cint, cstr, flt, getdate, parse_json
 
 from erpnext import get_company_currency
 from erpnext.accounts.doctype.pricing_rule.pricing_rule import (
@@ -902,7 +902,7 @@ def insert_item_price(args):
 				)
 
 
-def get_item_price(args, item_code, ignore_party=False) -> list[dict]:
+def get_item_price(args, item_code, ignore_party=False, force_batch_no=False) -> list[dict]:
 	"""
 	Get name, price_list_rate from Item Price based on conditions
 	        Check if the desired qty is within the increment of the packing list.
@@ -919,7 +919,6 @@ def get_item_price(args, item_code, ignore_party=False) -> list[dict]:
 			(ip.item_code == item_code)
 			& (ip.price_list == args.get("price_list"))
 			& (IfNull(ip.uom, "").isin(["", args.get("uom")]))
-			& (IfNull(ip.batch_no, "").isin(["", args.get("batch_no")]))
 		)
 		.orderby(ip.valid_from, order=frappe.qb.desc)
 		.orderby(IfNull(ip.batch_no, ""), order=frappe.qb.desc)
@@ -927,6 +926,11 @@ def get_item_price(args, item_code, ignore_party=False) -> list[dict]:
 		.limit(1)
 	)
 
+	if force_batch_no:
+		query = query.where(ip.batch_no == args.get("batch_no"))
+	else:
+		query = query.where(IfNull(ip.batch_no, "").isin(["", args.get("batch_no")]))
+
 	if not ignore_party:
 		if args.get("customer"):
 			query = query.where(ip.customer == args.get("customer"))
@@ -944,6 +948,21 @@ def get_item_price(args, item_code, ignore_party=False) -> list[dict]:
 	return query.run(as_dict=True)
 
 
+@frappe.whitelist()
+def get_batch_based_item_price(params, item_code) -> float:
+	if isinstance(params, str):
+		params = parse_json(params)
+
+	item_price = get_item_price(params, item_code, force_batch_no=True)
+	if not item_price:
+		item_price = get_item_price(params, item_code, ignore_party=True, force_batch_no=True)
+
+	if item_price and item_price[0].uom == params.get("uom"):
+		return item_price[0].price_list_rate
+
+	return 0.0
+
+
 def get_price_list_rate_for(args, item_code):
 	"""
 	:param customer: link to Customer DocType