Update item.py
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@ -451,7 +451,7 @@ class Item(WebsiteGenerator):
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"valuation_method", "has_batch_no", "is_fixed_asset")
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vals = frappe.db.get_value("Item", self.name, to_check, as_dict=True)
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if not vals.get('valuation_method'):
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if not vals.get('valuation_method') and self.get('valuation_method'):
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vals['valuation_method'] = frappe.db.get_single_value("Stock Settings", "valuation_method") or "FIFO"
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if vals:
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