diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index a6b5b7206b..8ba4eefc95 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -2,7 +2,7 @@
 from __future__ import unicode_literals
 import frappe
 
-__version__ = '8.0.50'
+__version__ = '8.0.51'
 
 
 def get_default_company(user=None):
diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index 8068ea61e9..1f2966d60b 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -403,4 +403,5 @@ erpnext.patches.v8_0.rename_items_in_status_field_of_material_request
 erpnext.patches.v8_0.delete_bin_indexes
 erpnext.patches.v8_0.move_account_head_from_account_to_warehouse_for_inventory
 erpnext.patches.v8_0.change_in_words_varchar_length
-erpnext.patches.v8_0.create_domain_docs	#16-05-2017
\ No newline at end of file
+erpnext.patches.v8_0.create_domain_docs	#16-05-2017
+erpnext.patches.v8_0.update_sales_cost_in_project
\ No newline at end of file
diff --git a/erpnext/patches/v8_0/update_sales_cost_in_project.py b/erpnext/patches/v8_0/update_sales_cost_in_project.py
new file mode 100644
index 0000000000..cc3798e056
--- /dev/null
+++ b/erpnext/patches/v8_0/update_sales_cost_in_project.py
@@ -0,0 +1,12 @@
+# Copyright (c) 2013, Web Notes Technologies Pvt. Ltd. and Contributors
+# License: GNU General Public License v3. See license.txt
+
+from __future__ import unicode_literals
+import frappe
+
+def execute():
+	frappe.db.sql("""
+		update `tabProject` p
+		set total_sales_cost = (select sum(base_grand_total) 
+			from `tabSales Order` where project=p.name and docstatus=1)
+	""")
\ No newline at end of file
diff --git a/erpnext/projects/doctype/project/project.py b/erpnext/projects/doctype/project/project.py
index 66df901bdc..10d4f22e33 100644
--- a/erpnext/projects/doctype/project/project.py
+++ b/erpnext/projects/doctype/project/project.py
@@ -181,7 +181,7 @@ class Project(Document):
 		self.total_purchase_cost = total_purchase_cost and total_purchase_cost[0][0] or 0
 		
 	def update_sales_costing(self):
-		total_sales_cost = frappe.db.sql("""select sum(grand_total)
+		total_sales_cost = frappe.db.sql("""select sum(base_grand_total)
 			from `tabSales Order` where project = %s and docstatus=1""", self.name)
 
 		self.total_sales_cost = total_sales_cost and total_sales_cost[0][0] or 0
diff --git a/erpnext/stock/doctype/item/item.py b/erpnext/stock/doctype/item/item.py
index 6e21e67d45..f5f3493014 100644
--- a/erpnext/stock/doctype/item/item.py
+++ b/erpnext/stock/doctype/item/item.py
@@ -37,7 +37,8 @@ class Item(WebsiteGenerator):
 		if frappe.db.get_default("item_naming_by")=="Naming Series":
 			if self.variant_of:
 				if not self.item_code:
-					self.item_code = make_variant_item_code(self.variant_of, self.item_name, self)
+					template_item_name = frappe.db.get_value("Item", self.variant_of, "item_name")
+					self.item_code = make_variant_item_code(self.variant_of, template_item_name, self)
 			else:
 				from frappe.model.naming import make_autoname
 				self.item_code = make_autoname(self.naming_series+'.#####')
diff --git a/erpnext/stock/utils.py b/erpnext/stock/utils.py
index fd1ece2151..2b9def35a8 100644
--- a/erpnext/stock/utils.py
+++ b/erpnext/stock/utils.py
@@ -65,7 +65,7 @@ def get_stock_balance(item_code, warehouse, posting_date=None, posting_time=None
 	if with_valuation_rate:
 		return (last_entry.qty_after_transaction, last_entry.valuation_rate) if last_entry else (0.0, 0.0)
 	else:
-		return last_entry.qty_after_transaction or 0.0
+		return last_entry.qty_after_transaction if last_entry else 0.0
 
 def get_latest_stock_balance():
 	bin_map = {}