As we have replaced much of our rotted teak ceiling in the galley/dinette, nav station, and salon areas of our WS42, I have opted for varnished mahogany for the inside cabinet strips.  In looking at the various options, I settled on 2x4x8 mahogany studs purchased at a local lumber yard (an Ace Hardware, too).  The pricing was about $8.75 per board foot or about $35 per stud.  Another option was khaya mahogany lumber purchased at specialty lumber yard at $9.50 per board foot.

The studs were well dried and straight.  The actual measurements were 1.75' x 3.00 inches.  This provided me with the dimensions I needed.  I rounded over the corners and ripped out 3/8' strips.  One of these 2x4x8 studs gave me six 3/8" ceiling strips per stud.

This type of stud could provide you with at least four 1/4" x 2" x 70" strips.

I have found that the mahogany in the studs to be fairly dense and is able to be finished smooth.  There is some variation in color (dark vs lighter colored) from stud to stud, however.  But, after 2 coats of shellac, and 5 coats of varnish, the strips look pretty good.

Additionally, I have found that standard mahogany deck boards 3/4' x 31/2' work fairly well for cabinet and furniture cleats.  The wood is dry, dense, and usually uniformly straight.

Doug