Preheat oven to 350°. In a large bowl, cream shortening, butter and sugars until light and fluffy.
Beat in eggs and vanilla. Combine the flour, baking soda, baking powder and salt; gradually add to creamed mixture and mix well. Stir in the oats, cereal and coconut.
Drop by rounded tablespoonfuls 2 in. apart onto ungreased baking sheets.
Bake 7-9 minutes or until golden brown.
Remove to wire racks.