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Hey xchasr,
Cost depends on what you can find.
For instance, I bought a manual car for $800 and took the bits out - sold the motor and glass for $500, so the box owes me $300.
Then you're looking at paying more if you pay a mechanic...
Also, I believe stuff costs more in the Eastern States than it does over here. My advice would be: DONT!!! buy a box you can't drive, unless you can get a warranty. Wait a while, price up the parts you need, and see if a bargain comes along. It costs us $1500 for a recon box, w/out the other bits you need like bellhousings.....You know, just stuff like that. It is definitely worth doing, just make sure you're not getting ripped off hey. :)
What you need is explained in the post above, also get the relevant wiring diagrams from Ford (they should just give you a photocopy out of the Ford manual). This will ensure my description of the wiring will work for you.
Good luck man, hope this helps!
Alex
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Proud TQE Operator and President of SEFAG - the Society for the Elimination of Ford Automatic Gearboxes 
Pacemaker headers + 2.5" exhaust
EF Fairmont interior
MP3 player
Lowered King springs
5 speed manual
EF motor
Newest mod: EF Ghia wiring loom and dash
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