imac mid 2010 logic board more expensive then new imac?

Hello Community,

I'm amazed to see that to replace the logic board for my mid 2010 imac 27" would cost 1500$+ . There's no graphics card on the board or cpu.. so why's it so expensive ?
I want to replace it 500$ tops.

Thanks

 

I have apple care

I have apple care. I just broke the logic board myself opening the dam thing up ( which voids the warranty anyways)

ripped the female connector port from the board by accident.. Where led cable plugs in. Tried desperately to solder the thing back on, bought a new one.. epic failure on my part.. Highly doubt I could sneak it through apple care at this point!

----------

anyone know how much the repair would cost?
thanks

----------

any work around tips would be greatly appreciated!