Here are my items after purchasing the exact materials listed at the beginning of this thread, with the exception of the stain, where I chose a red mahogany color. I had to stain the stock 3 times, the upper handguard twice, and the lower handguard once to get the colors to match. Came out really gorgeous. My only disappointment - a minor one - was that I was hoping it would come out a little more red.
Here is the before picture. Actually I didn't take a before picture, this one is based on the image on AK47-builder's website where I bought the parts kit from:
So now that I have all the necessary supplies, the wife took a trip to a thrift store and purchased a whole bunch of worn out furniture items for me to refinish!