In a large bowl using a hand mixer combine the shortening, granulated sugar, and brown sugar on medium speed until blended, about 2 minutes

Beat in the eggs and vanilla extract and mix for another 2-minutes

In a separate bowl, whisk together the flour, baking powder, baking soda, and salt until combined

Slowly combine the flour mixture into the shortening mixture until combined

Mix in the oats and coconut until combined

Turn the dough out onto a lightly floured surface and divide into 4 portions.  Shape each portion into a 6-inch-long log and wrap in plastic wrap.  Freeze for a minimum of 2-hours or until firm

Preheat oven to 350 degrees F

Unwrap the logs and cut dough into ½ inch slices.  Place 2 inches apart on a parchment-lined baking sheet

Bake for 10-12 minutes until lightly golden brown.  Let cool on pans for 5-minutes then transfer to a wire rack to cool completely