Success! I did manage to make a smoke bomb after my second attempt. The first ended quite sadly with one of the key ingredients stuck along a corner of the counter. It seems if things end up on the floor we can't quite reach to pick them up again. (Or perhaps it was stuck inside some geometry of the level.)
It would have been much better to have some instructions, even a quick note saying the interaction buttons, inside the game itself. But this is still quite impressive given the time constraint. Bonus points for having the tape and other objects just like in the picture. And it worked, I made a ninja smoke bomb!