Best answer as chosen by user DigitalDan2007: Not sure why you didn't ask this in the iTunes forum but,

by mrmacfixit Moderator - 1/23/12 6:27 AM

In Reply to: Mp4 to mp3 by DigitalDan2007

select the track that you want to convert,
Right click on that track
Choose the "Create an MP3 version"
That's it

To burn them to a CD
Select the tracks you want to burn and create a playlist of them
Make sure all tracks have a check mark
Hit the Burn button

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