I picked up a new/remanufactured (complete with clutch) on ebay for about $100 a while back. But I also converted to R134a. I had to replace my expansion valve because it was bad too, full of filth. My A/C compressor experinced Bl;ack death wher eit blew and sent crap everywhere int he a/c system.. you will need to Replace the drier too... don't open anything up until you are ready to prepare it for install... the type of oil you wil use will depend ont he refrigerent you use.
You might save yourself tons of work if you are willing ot pay a shop to flush the system, but you can put the compressor on and the drier,,, you cannot flush the compressor only the condensor.. all other parts must not be flushed..
if the system has not been open to the air than you are doing good,, but if black death occured than expect to clean everything out,,, ask that forum how to do all this..
I don't know if you are going to switch to R134a or stay with R12. (R134a is much much much much much cheaper.. )
in any case, if you compressor froze or broke, it may have sent crap throughout the system and it may need cleaned out..
if your system is clean, then maybe just the compressor and a new drier,, but recharging ain't easy, and also follw the instructions on oil, the type, etc..
go here:
http://acsource.net/acforum/index.php
damm, it looks like they have mad eit so you must rebister forst, but it is wel worth it, one of the best AC forums to get help..
but be warned,t hey guys eat and breathe this and will almost certainly want you to go buy a good quyality guage and vacuum pump if you want to refill and recharge it yourself..
but at least you will get great info..it's up to you if you follow the directions..