Ouch!
Still, the bass guitar is a cheapo where all the value was put into making it playable. They used to be made by Cortek under contract so Ibanez didn't even see see it. Still, they typically play well out of the box and excellent after a fret level but I would not recommend this type of a guitar when looking for exquisite woood.
There's wood for cheap mass produced guitars and then there's wood for people who appreciate it. These two sets of buyers typically have few in common. Still among inexpensive guitars, some have a lot of character and are inspiring, can't argue with that. I recommend that you just set up the guitar for best tone and playability and simply enjoy it. The sheer fact of spec discrepancies means that you can sometimes get an unexpectedly perfect piece and/or a combo of super nice selection. When that happens, unicorns squirt rainbows and all sorts of voodoo takes place.
Yeah no offence Goober, just pulling your leg